Edgestream Partners L.P. Makes New Investment in Graham Holdings Company $GHC

Edgestream Partners L.P. acquired a new stake in Graham Holdings Company (NYSE:GHC) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,883 shares of the company’s stock, valued at approximately $2,728,000.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company’s stock valued at $26,000 after buying an additional 11 shares during the period. GAMMA Investing LLC raised its position in shares of Graham by 55.0% in the 2nd quarter. GAMMA Investing LLC now owns 31 shares of the company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Graham by 9.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 158 shares of the company’s stock valued at $149,000 after purchasing an additional 14 shares during the period. US Bancorp DE boosted its position in shares of Graham by 4.6% during the 1st quarter. US Bancorp DE now owns 389 shares of the company’s stock valued at $374,000 after purchasing an additional 17 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Graham by 7.8% during the first quarter. Federated Hermes Inc. now owns 319 shares of the company’s stock worth $307,000 after purchasing an additional 23 shares during the period. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Trading Down 1.9%

GHC opened at $1,087.68 on Friday. Graham Holdings Company has a fifty-two week low of $840.50 and a fifty-two week high of $1,200.00. The firm has a market capitalization of $4.74 billion, a PE ratio of 6.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.14. The company’s 50-day moving average is $1,063.77 and its 200 day moving average is $1,022.80.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $14.08 EPS for the quarter, topping analysts’ consensus estimates of $12.36 by $1.72. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.19 billion. Graham had a return on equity of 6.29% and a net margin of 14.93%.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were paid a dividend of $1.80 per share. The ex-dividend date was Thursday, October 16th. This represents a $7.20 annualized dividend and a yield of 0.7%. Graham’s dividend payout ratio (DPR) is 4.30%.

Analyst Ratings Changes

Several brokerages have issued reports on GHC. Weiss Ratings reissued a “buy (b+)” rating on shares of Graham in a research note on Monday. Wall Street Zen upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.