Jane Street Group LLC Reduces Stock Position in Graham Holdings (NYSE:GHC)

Jane Street Group LLC lessened its stake in Graham Holdings (NYSE:GHC - Free Report) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,900 shares of the company's stock after selling 1,643 shares during the quarter. Jane Street Group LLC owned about 0.14% of Graham worth $5,144,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GHC. Smartleaf Asset Management LLC raised its holdings in shares of Graham by 55.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the period. KBC Group NV raised its stake in Graham by 36.5% during the fourth quarter. KBC Group NV now owns 142 shares of the company's stock worth $124,000 after buying an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Graham by 44.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock valued at $126,000 after acquiring an additional 44 shares during the period. Principal Securities Inc. raised its position in shares of Graham by 30.0% during the fourth quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after purchasing an additional 42 shares during the period. Finally, GeoWealth Management LLC purchased a new position in shares of Graham during the fourth quarter valued at approximately $197,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Trading Down 1.7%

GHC traded down $17.08 during trading on Wednesday, hitting $968.39. 17,951 shares of the stock traded hands, compared to its average volume of 17,737. The firm has a market capitalization of $4.22 billion, a P/E ratio of 18.96 and a beta of 0.91. Graham Holdings has a 12-month low of $683.00 and a 12-month high of $1,015.00. The firm has a 50-day moving average of $935.80 and a 200 day moving average of $922.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34.

Graham (NYSE:GHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.29 by $0.35. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. Graham had a net margin of 4.86% and a return on equity of 5.79%.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, July 17th. Graham's dividend payout ratio is 5.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Graham from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 23rd.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.