Bridgewater Associates LP Reduces Holdings in Graham Holdings (NYSE:GHC)

Bridgewater Associates LP lessened its stake in shares of Graham Holdings (NYSE:GHC - Free Report) by 25.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,012 shares of the company's stock after selling 1,335 shares during the quarter. Bridgewater Associates LP owned about 0.09% of Graham worth $3,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GHC. Covestor Ltd grew its position in shares of Graham by 8.4% in the third quarter. Covestor Ltd now owns 155 shares of the company's stock valued at $128,000 after purchasing an additional 12 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Graham by 3.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 447 shares of the company's stock worth $313,000 after buying an additional 15 shares during the period. Truist Financial Corp boosted its position in shares of Graham by 1.1% in the second quarter. Truist Financial Corp now owns 1,982 shares of the company's stock valued at $1,387,000 after acquiring an additional 21 shares during the period. Insight Inv LLC raised its stake in Graham by 0.8% in the 2nd quarter. Insight Inv LLC now owns 2,629 shares of the company's stock worth $1,839,000 after purchasing an additional 22 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Graham by 4.1% in the 2nd quarter. QRG Capital Management Inc. now owns 613 shares of the company's stock valued at $429,000 after purchasing an additional 24 shares during the period. Institutional investors own 62.54% of the company's stock.

Analysts Set New Price Targets

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

Graham Price Performance

GHC stock traded down $5.46 during mid-day trading on Friday, hitting $931.12. The stock had a trading volume of 10,526 shares, compared to its average volume of 14,096. The firm has a fifty day simple moving average of $854.43 and a 200 day simple moving average of $783.07. Graham Holdings has a 52 week low of $621.20 and a 52 week high of $972.13. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.03 billion, a P/E ratio of 18.23 and a beta of 1.11.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were given a dividend of $1.72 per share. The ex-dividend date was Thursday, October 17th. This represents a $6.88 annualized dividend and a yield of 0.74%. Graham's dividend payout ratio is currently 13.47%.

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.