Intech Investment Management LLC Trims Stock Position in Graham Holdings Company $GHC

Intech Investment Management LLC lessened its position in shares of Graham Holdings Company (NYSE:GHC) by 32.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,676 shares of the company’s stock after selling 1,302 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Graham worth $2,532,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ground Swell Capital LLC purchased a new position in Graham in the 1st quarter valued at $375,000. Russell Investments Group Ltd. boosted its position in Graham by 244.2% during the first quarter. Russell Investments Group Ltd. now owns 1,628 shares of the company’s stock worth $1,564,000 after acquiring an additional 1,155 shares during the last quarter. Allianz SE purchased a new stake in shares of Graham in the first quarter valued at $400,000. Invesco Ltd. grew its holdings in Graham by 9.3% in the 1st 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 period. Finally, Voya Investment Management LLC increased its position in Graham by 29.3% during the first quarter. Voya Investment Management LLC now owns 5,261 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,192 shares during the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Graham from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Graham in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Graham has an average rating of “Buy”.

Graham Price Performance

GHC opened at $1,060.92 on Thursday. Graham Holdings Company has a twelve month low of $840.50 and a twelve month high of $1,200.00. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 6.34 and a beta of 0.86. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $1,079.20 and a 200 day simple moving average of $1,013.78.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $14.08 earnings per share for the quarter, beating analysts’ consensus estimates of $12.36 by $1.72. Graham had a net margin of 14.93% and a return on equity of 6.34%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.19 billion.

Graham Announces Dividend

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

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.