Miracle Mile Advisors LLC Makes New $437,000 Investment in Graham Holdings (NYSE:GHC)

Miracle Mile Advisors LLC purchased a new stake in shares of Graham Holdings (NYSE:GHC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 501 shares of the company's stock, valued at approximately $437,000.

Several other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in Graham by 558.3% during the third quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock worth $65,000 after purchasing an additional 67 shares during the last quarter. KBC Group NV increased its position in shares of Graham by 60.0% in the third quarter. KBC Group NV now owns 104 shares of the company's stock valued at $85,000 after buying an additional 39 shares in the last quarter. Covestor Ltd raised its stake in shares of Graham by 8.4% during the 3rd quarter. Covestor Ltd now owns 155 shares of the company's stock worth $128,000 after buying an additional 12 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Graham during the 3rd quarter worth $168,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Graham in the 3rd quarter worth about $189,000. Hedge funds and other institutional investors own 93.16% of the company's stock.

Graham Price Performance

Shares of Graham stock traded down $8.30 during trading on Thursday, hitting $897.72. 14,698 shares of the company were exchanged, compared to its average volume of 16,080. Graham Holdings has a fifty-two week low of $683.00 and a fifty-two week high of $974.00. 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 firm has a 50 day moving average price of $909.56 and a 200 day moving average price of $822.59. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.58 and a beta of 1.14.

Graham Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Graham's previous quarterly dividend of $1.72. Graham's payout ratio is 13.47%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Graham from a "hold" rating to a "buy" rating in a research report on Monday, November 4th.

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the completion of the transaction, the chief accounting officer now owns 442 shares of the company's stock, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 32.30% of the company's stock.

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.