Allspring Global Investments Holdings LLC Sells 1,255 Shares of Graham Holdings (NYSE:GHC)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Graham Holdings (NYSE:GHC - Free Report) by 49.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the company's stock after selling 1,255 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Graham were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Graham by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 54,754 shares of the company's stock worth $31,922,000 after purchasing an additional 335 shares in the last quarter. AQR Capital Management LLC increased its holdings in Graham by 27.2% in the third quarter. AQR Capital Management LLC now owns 39,538 shares of the company's stock worth $23,051,000 after purchasing an additional 8,443 shares in the last quarter. Seizert Capital Partners LLC increased its holdings in Graham by 1.2% in the third quarter. Seizert Capital Partners LLC now owns 26,276 shares of the company's stock worth $15,319,000 after purchasing an additional 301 shares in the last quarter. Bronte Capital Management Pty Ltd. increased its holdings in Graham by 1.4% in the third quarter. Bronte Capital Management Pty Ltd. now owns 24,470 shares of the company's stock worth $14,266,000 after purchasing an additional 329 shares in the last quarter. Finally, London Co. of Virginia increased its holdings in Graham by 1.0% in the third quarter. London Co. of Virginia now owns 23,362 shares of the company's stock worth $13,620,000 after purchasing an additional 233 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors.

Insider Transactions at Graham

In other news, Director Katharine Weymouth sold 556 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $712.99, for a total transaction of $396,422.44. Following the transaction, the director now directly owns 1,993 shares of the company's stock, valued at $1,420,989.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Graham from a "buy" rating to a "hold" rating in a report on Tuesday, April 16th.

Graham Stock Down 0.5 %

Shares of NYSE:GHC traded down $3.66 during trading on Wednesday, reaching $715.24. 16,574 shares of the stock were exchanged, compared to its average volume of 14,196. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.50 and a quick ratio of 1.26. Graham Holdings has a 1-year low of $551.36 and a 1-year high of $771.05. The stock has a fifty day moving average of $726.42 and a two-hundred day moving average of $680.13. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 16.45 and a beta of 1.11.

Graham (NYSE:GHC - Get Free Report) last issued its earnings results on Friday, February 23rd. The company reported $10.94 earnings per share for the quarter. Graham had a return on equity of 5.23% and a net margin of 4.65%. The company had revenue of $1.17 billion for the quarter.

Graham Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 18th will be given a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, April 17th. Graham's payout ratio is 15.83%.

Graham Company Profile

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.