Allspring Global Investments Holdings LLC Lowers Holdings in Graham Holdings (NYSE:GHC)

Allspring Global Investments Holdings LLC lowered its position in Graham Holdings (NYSE:GHC - Free Report) by 88.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87 shares of the company's stock after selling 698 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Graham were worth $71,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company's stock valued at $284,990,000 after buying an additional 20,629 shares during the last quarter. American Century Companies Inc. lifted its position in Graham by 80.3% in the second quarter. American Century Companies Inc. now owns 20,109 shares of the company's stock valued at $14,067,000 after buying an additional 8,953 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Graham in the first quarter valued at about $6,230,000. Raymond James Financial Services Advisors Inc. lifted its position in Graham by 31.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company's stock valued at $21,219,000 after buying an additional 7,179 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in Graham in the first quarter valued at about $5,256,000. Hedge funds and other institutional investors own 62.54% of the company's stock.

Graham Stock Up 1.9 %

Graham stock traded up $15.95 during mid-day trading on Tuesday, hitting $860.21. The company had a trading volume of 10,446 shares, compared to its average volume of 15,086. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 16.53 and a beta of 1.11. Graham Holdings has a 1 year low of $599.03 and a 1 year high of $860.70. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $793.28 and a 200 day moving average of $756.58.

Graham Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be paid a $1.72 dividend. The ex-dividend date is Thursday, October 17th. This represents a $6.88 annualized dividend and a yield of 0.80%. Graham's dividend payout ratio is currently 13.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Graham from a "hold" rating to a "buy" rating in a research report on Monday.

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.