GABELLI & Co INVESTMENT ADVISERS INC. Has $1.85 Million Position in Graham Holdings (NYSE:GHC)

GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Graham Holdings (NYSE:GHC - Free Report) by 565.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,122 shares of the company's stock after purchasing an additional 1,803 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.'s holdings in Graham were worth $1,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Graham during the 4th quarter worth $26,773,000. LPL Financial LLC acquired a new position in Graham during the 4th quarter worth $8,726,000. Norges Bank bought a new stake in Graham during the fourth quarter valued at about $8,157,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Graham by 84.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock worth $16,424,000 after purchasing an additional 8,615 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Graham by 63.3% in the fourth quarter. Alliancebernstein L.P. now owns 11,830 shares of the company's stock worth $10,315,000 after purchasing an additional 4,584 shares during the period. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Stock Performance

NYSE:GHC traded down $6.53 during trading hours on Friday, hitting $908.55. 33,083 shares of the company traded hands, compared to its average volume of 17,116. 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 stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.79 and a beta of 0.92. The firm has a 50-day moving average of $940.39 and a 200 day moving average of $905.57. Graham Holdings has a twelve month low of $683.00 and a twelve month high of $1,003.53.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, April 17th. Graham's payout ratio is presently 4.37%.

Analysts Set New Price Targets

Separately, StockNews.com raised Graham from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 29th.

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.