Gamco Investors INC. ET AL lowered its holdings in Graham Holdings Co (NYSE:GHC) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,987 shares of the company’s stock after selling 445 shares during the period. Gamco Investors INC. ET AL owned about 0.15% of Graham worth $5,299,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Crossmark Global Holdings Inc. raised its holdings in shares of Graham by 2.3% during the second quarter. Crossmark Global Holdings Inc. now owns 714 shares of the company’s stock valued at $493,000 after buying an additional 16 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Graham by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 598 shares of the company’s stock worth $397,000 after purchasing an additional 16 shares in the last quarter. 6 Meridian raised its holdings in Graham by 2.4% during the second quarter. 6 Meridian now owns 738 shares of the company’s stock worth $509,000 after purchasing an additional 17 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Graham by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 1,760 shares of the company’s stock worth $1,214,000 after purchasing an additional 25 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Graham by 1.3% during the second quarter. Treasurer of the State of North Carolina now owns 2,067 shares of the company’s stock worth $1,426,000 after purchasing an additional 27 shares in the last quarter. 70.02% of the stock is currently owned by hedge funds and other institutional investors.
GHC has been the topic of several recent analyst reports. TheStreet cut Graham from a “b” rating to a “c+” rating in a report on Friday, November 1st. ValuEngine raised Graham from a “sell” rating to a “hold” rating in a report on Wednesday.
NYSE:GHC traded down $0.54 during midday trading on Friday, hitting $631.02. 121 shares of the stock were exchanged, compared to its average volume of 21,714. Graham Holdings Co has a one year low of $614.81 and a one year high of $756.26. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.48 and a beta of 0.42. The business has a 50-day moving average price of $653.04 and a two-hundred day moving average price of $693.73. The company has a current ratio of 1.55, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29.
Graham (NYSE:GHC) last announced its earnings results on Wednesday, October 30th. The company reported $7.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.60 by $1.34. Graham had a return on equity of 6.88% and a net margin of 8.35%. The firm had revenue of $738.82 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 17th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, October 16th. This represents a $5.56 annualized dividend and a yield of 0.88%.
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials, as well as data science education, and training and healthcare simulation services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to Purdue University Global.
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