1,540 Graham Holdings Company $GHC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Graham Holdings Company (NYSE:GHC) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,112 shares of the company’s stock after selling 1,540 shares during the period. State of Alaska Department of Revenue’s holdings in Graham were worth $14,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GHC. First Trust Advisors LP raised its position in shares of Graham by 8.9% during the first quarter. First Trust Advisors LP now owns 92,505 shares of the company’s stock worth $97,802,000 after purchasing an additional 7,582 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Graham by 43.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,804 shares of the company’s stock valued at $16,765,000 after purchasing an additional 4,769 shares in the last quarter. Bank of America Corp DE grew its position in shares of Graham by 11.0% in the 1st quarter. Bank of America Corp DE now owns 13,290 shares of the company’s stock valued at $14,051,000 after purchasing an additional 1,315 shares during the period. Edgestream Partners L.P. grew its position in shares of Graham by 9.5% in the 1st quarter. Edgestream Partners L.P. now owns 10,155 shares of the company’s stock valued at $10,736,000 after purchasing an additional 883 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Graham by 551.4% during the 1st quarter. Renaissance Technologies LLC now owns 9,400 shares of the company’s stock worth $9,938,000 after purchasing an additional 7,957 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GHC has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating on shares of Graham in a report on Thursday, June 25th. Weiss Ratings raised shares of Graham from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, September 25th. Finally, Wall Street Zen raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Graham Stock Up 0.6%

Graham stock traded up $7.08 during midday trading on Thursday, reaching $1,193.41. The stock had a trading volume of 13,669 shares, compared to its average volume of 22,557. The firm’s fifty day simple moving average is $1,155.46 and its 200-day simple moving average is $1,143.80. Graham Holdings Company has a 1-year low of $933.88 and a 1-year high of $1,262.34. The stock has a market capitalization of $5.05 billion, a P/E ratio of 9.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.59 and a current ratio of 1.86.

Graham (NYSE:GHC) last released its earnings results on Thursday, July 30th. The company reported $19.46 EPS for the quarter, beating the consensus estimate of $14.83 by $4.63. Graham had a return on equity of 5.73% and a net margin of 10.69%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a $1.88 dividend. This represents a $7.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 15th. Graham’s payout ratio is currently 6.06%.

Graham Profile

Graham Holdings Company (NYSE:GHC) is a diversified education and media company formerly known as The Washington Post Company. The company changed its name in 2013 after selling The Washington Post newspaper to an entity controlled by Jeff Bezos. Today, Graham Holdings operates through a range of businesses in education, media, health care and other industries.

Its largest operating business is Kaplan, which provides educational services, professional training, test preparation, higher education programs and learning products to students, institutions and businesses.