Citigroup Inc. Trims Position in Graham Holdings Co (GHC)

Citigroup Inc. lessened its position in shares of Graham Holdings Co (NYSE:GHC) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,089 shares of the company’s stock after selling 163 shares during the quarter. Citigroup Inc.’s holdings in Graham were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Man Group plc increased its position in Graham by 7.5% in the third quarter. Man Group plc now owns 21,931 shares of the company’s stock worth $12,706,000 after buying an additional 1,536 shares in the last quarter. Mycio Wealth Partners LLC purchased a new stake in Graham in the fourth quarter worth about $218,000. American Century Companies Inc. increased its position in Graham by 77.8% in the third quarter. American Century Companies Inc. now owns 28,340 shares of the company’s stock worth $16,417,000 after buying an additional 12,398 shares in the last quarter. Private Advisor Group LLC increased its position in Graham by 169.5% in the third quarter. Private Advisor Group LLC now owns 1,078 shares of the company’s stock worth $624,000 after buying an additional 678 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Graham by 81.8% in the third quarter. GSA Capital Partners LLP now owns 3,434 shares of the company’s stock worth $1,989,000 after buying an additional 1,545 shares in the last quarter. Institutional investors and hedge funds own 68.15% of the company’s stock.

NYSE:GHC opened at $683.43 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.89 and a quick ratio of 1.80. Graham Holdings Co has a 12-month low of $537.40 and a 12-month high of $700.18. The stock has a market cap of $3.63 billion, a P/E ratio of 14.17 and a beta of 0.40.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 18th will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, April 17th.

In related news, VP Marcel A. Snyman sold 100 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $633.07, for a total transaction of $63,307.00. Following the completion of the sale, the vice president now owns 500 shares in the company, valued at $316,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.60% of the company’s stock.

Separately, ValuEngine upgraded Graham from a “hold” rating to a “buy” rating in a research report on Friday, March 1st.

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Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides a range of certificate, diploma, and degree programs, as well as online education services; and test preparation business services in pre-college, graduate, health, and bar review, as well as publishes and sells test preparation and other books through retail channels.

Further Reading: Buy-Side Analysts

Institutional Ownership by Quarter for Graham (NYSE:GHC)

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