Graham Holdings (NYSE:GHC) Shares Sold by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. reduced its holdings in Graham Holdings (NYSE:GHC - Free Report) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,457 shares of the company's stock after selling 2,080 shares during the quarter. Graham comprises 1.4% of Bronte Capital Management Pty Ltd.'s investment portfolio, making the stock its 16th largest position. Bronte Capital Management Pty Ltd. owned approximately 0.44% of Graham worth $15,988,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Graham during the second quarter valued at about $35,000. Whittier Trust Co. purchased a new position in Graham during the 2nd quarter worth $70,000. Headlands Technologies LLC acquired a new position in shares of Graham in the 2nd quarter valued at about $76,000. Covestor Ltd lifted its holdings in shares of Graham by 8.4% in the 3rd quarter. Covestor Ltd now owns 155 shares of the company's stock valued at $128,000 after buying an additional 12 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Graham in the 3rd quarter valued at about $168,000. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Graham Price Performance

NYSE:GHC traded down $6.19 during trading hours on Tuesday, hitting $954.02. 3,648 shares of the stock were exchanged, compared to its average volume of 15,154. Graham Holdings has a 52-week low of $605.32 and a 52-week high of $972.13. The firm's fifty day moving average price is $803.98 and its 200 day moving average price is $762.59. 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 company has a market cap of $4.13 billion, a P/E ratio of 18.82 and a beta of 1.11.

Graham Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were given a $1.72 dividend. The ex-dividend date was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.72%. Graham's dividend payout ratio (DPR) is presently 13.47%.

Graham 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.