Teacher Retirement System of Texas boosted its holdings in shares of Graham Holdings (NYSE:GHC - Free Report) by 82.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,755 shares of the company's stock after buying an additional 1,696 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Graham worth $3,274,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Graham during the 3rd quarter valued at about $453,000. Cerity Partners LLC lifted its position in Graham by 9.0% during the 3rd quarter. Cerity Partners LLC now owns 631 shares of the company's stock valued at $519,000 after acquiring an additional 52 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Graham by 558.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock worth $65,000 after purchasing an additional 67 shares in the last quarter. FMR LLC boosted its holdings in Graham by 358.3% in the third quarter. FMR LLC now owns 4,766 shares of the company's stock worth $3,916,000 after acquiring an additional 3,726 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Graham by 37.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 899 shares of the company's stock valued at $739,000 after purchasing an additional 243 shares during the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Graham from a "buy" rating to a "strong-buy" rating in a report on Saturday.
View Our Latest Analysis on Graham
Graham Stock Performance
GHC traded down $20.87 during mid-day trading on Friday, reaching $952.30. 14,238 shares of the company traded hands, compared to its average volume of 16,118. The company's fifty day moving average price is $940.65 and its 200-day moving average price is $890.70. The stock has a market capitalization of $4.13 billion, a P/E ratio of 18.65 and a beta of 1.12. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. Graham Holdings has a 52-week low of $683.00 and a 52-week high of $993.49.
Graham Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 17th. Graham's dividend payout ratio is 4.37%.
Insiders Place Their Bets
In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the transaction, the chief accounting officer now owns 442 shares in the company, valued at $389,534.60. This represents a 26.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 20.50% of the company's stock.
Graham Company Profile
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Free Report)
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.
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