Pacer Advisors Inc. lowered its stake in Graham Holdings Co (NYSE:GHC) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,635 shares of the company’s stock after selling 103 shares during the period. Pacer Advisors Inc.’s holdings in Graham were worth $1,085,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Certified Advisory Corp bought a new stake in Graham during the 2nd quarter worth approximately $48,000. Tower Research Capital LLC TRC bought a new stake in Graham during the 2nd quarter worth approximately $70,000. Point72 Hong Kong Ltd bought a new stake in Graham during the 2nd quarter worth approximately $70,000. Signaturefd LLC grew its stake in Graham by 71.9% in the 2nd quarter. Signaturefd LLC now owns 110 shares of the company’s stock worth $76,000 after buying an additional 46 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in Graham in the 2nd quarter worth approximately $79,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. TheStreet cut shares of Graham from a “b” rating to a “c+” rating in a research note on Friday, November 1st. ValuEngine raised shares of Graham from a “sell” rating to a “hold” rating in a research note on Wednesday.
GHC traded up $3.92 during trading on Friday, hitting $635.48. 13,173 shares of the stock traded hands, compared to its average volume of 27,411. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 1.44. Graham Holdings Co has a 12-month low of $614.81 and a 12-month high of $756.26. The firm has a market capitalization of $3.39 billion, a P/E ratio of 16.48 and a beta of 0.42. The firm has a 50-day moving average of $652.00 and a 200 day moving average of $693.36.
Graham (NYSE:GHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $7.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.60 by $1.34. The company had revenue of $738.82 million during the quarter. Graham had a net margin of 8.35% and a return on equity of 6.88%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $5.56 dividend on an annualized basis and a yield of 0.87%.
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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