Graham Holdings Company $GHC Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in shares of Graham Holdings Company (NYSE:GHC) by 6.8% in the 2nd quarter, Holdings Channel reports. The fund owned 4,728 shares of the company’s stock after acquiring an additional 300 shares during the period. New York State Teachers Retirement System’s holdings in Graham were worth $4,473,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Graham by 50.4% during the first quarter. AQR Capital Management LLC now owns 58,729 shares of the company’s stock valued at $55,851,000 after acquiring an additional 19,690 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Graham by 0.4% in the first quarter. Raymond James Financial Inc. now owns 30,838 shares of the company’s stock valued at $29,631,000 after buying an additional 131 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Graham by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 27,167 shares of the company’s stock valued at $26,104,000 after buying an additional 1,448 shares during the last quarter. Invesco Ltd. increased its holdings in Graham by 9.3% in the first quarter. Invesco Ltd. now owns 21,677 shares of the company’s stock valued at $20,829,000 after buying an additional 1,849 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Graham in the second quarter valued at about $10,206,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of GHC stock opened at $998.74 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $1,098.17 and a two-hundred day moving average of $993.00. Graham Holdings Company has a 52 week low of $770.06 and a 52 week high of $1,200.00. The company has a market cap of $4.35 billion, a P/E ratio of 6.41 and a beta of 0.88.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, July 30th. The company reported $14.33 EPS for the quarter, beating analysts’ consensus estimates of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 16th. Graham’s payout ratio is presently 4.62%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Graham in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong 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.