Graham Holdings (NYSE:GHC) Shares Sold by Algert Global LLC

Algert Global LLC lessened its position in shares of Graham Holdings (NYSE:GHC - Free Report) by 54.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the company's stock after selling 2,750 shares during the period. Algert Global LLC owned about 0.05% of Graham worth $1,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GHC. Innealta Capital LLC purchased a new position in shares of Graham during the second quarter worth about $35,000. Whittier Trust Co. acquired a new stake in shares of Graham during the 2nd quarter valued at approximately $70,000. KBC Group NV raised its stake in shares of Graham by 60.0% during the 3rd quarter. KBC Group NV now owns 104 shares of the company's stock worth $85,000 after buying an additional 39 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Graham in the 2nd quarter valued at approximately $76,000. Finally, Covestor Ltd increased its position in Graham by 8.4% during the 3rd quarter. Covestor Ltd now owns 155 shares of the company's stock worth $128,000 after purchasing an additional 12 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Down 2.2 %

Shares of GHC stock traded down $21.42 during mid-day trading on Thursday, reaching $936.58. 14,486 shares of the company were exchanged, compared to its average volume of 14,971. Graham Holdings has a fifty-two week low of $618.84 and a fifty-two week high of $972.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The company has a market capitalization of $4.06 billion, a P/E ratio of 18.34 and a beta of 1.11. The business's 50 day simple moving average is $849.10 and its 200 day simple moving average is $780.68.

Graham Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 17th were paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, October 17th. Graham's dividend payout ratio (DPR) is presently 13.47%.

Wall Street Analysts Forecast Growth

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

About Graham

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.