State Street Corp Sells 2,833 Shares of Graham Holdings (NYSE:GHC)

State Street Corp lessened its position in Graham Holdings (NYSE:GHC - Free Report) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,718 shares of the company's stock after selling 2,833 shares during the period. State Street Corp owned 2.88% of Graham worth $102,483,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GHC. American Century Companies Inc. raised its holdings in Graham by 80.3% in the 2nd 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. Raymond James Financial Services Advisors Inc. raised its stake in shares of Graham by 31.0% during 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 acquiring an additional 7,179 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Graham during the second quarter worth $3,568,000. Millennium Management LLC bought a new stake in shares of Graham in the second quarter worth $2,743,000. Finally, FMR LLC increased its holdings in Graham by 358.3% in the third quarter. FMR LLC now owns 4,766 shares of the company's stock valued at $3,916,000 after purchasing an additional 3,726 shares during the period. 93.16% of the stock is currently owned by institutional investors.

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 Trading Up 1.4 %

Graham stock traded up $12.69 during mid-day trading on Monday, hitting $913.54. 17,144 shares of the stock were exchanged, compared to its average volume of 14,994. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.90 and a beta of 1.13. Graham Holdings has a 12 month low of $663.47 and a 12 month high of $974.00. 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 firm's fifty day simple moving average is $881.36 and its two-hundred day simple moving average is $796.72.

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.