Gladius Capital Management LP trimmed its holdings in shares of Graham Holdings (NYSE:GHC – Free Report) by 68.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77 shares of the company’s stock after selling 168 shares during the period. Gladius Capital Management LP’s holdings in Graham were worth $63,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after buying an additional 20,629 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Graham by 31.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after acquiring an additional 7,179 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Graham by 80.3% during the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after purchasing an additional 8,953 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Graham by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 18,091 shares of the company’s stock valued at $13,888,000 after purchasing an additional 180 shares during the last quarter. Finally, VELA Investment Management LLC increased its holdings in shares of Graham by 13.7% in the second quarter. VELA Investment Management LLC now owns 9,839 shares of the company’s stock valued at $6,883,000 after purchasing an additional 1,188 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Monday, November 4th.
Graham Price Performance
Graham stock opened at $926.00 on Friday. The business’s 50-day simple moving average is $822.24 and its 200 day simple moving average is $769.91. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 18.13 and a beta of 1.11. Graham Holdings has a 12-month low of $613.39 and a 12-month high of $972.13.
Graham Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, October 17th. Graham’s dividend payout ratio is 13.47%.
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.
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