Nationwide Fund Advisors Acquires 839 Shares of Graham Holdings Co. (GHC)
Nationwide Fund Advisors raised its position in Graham Holdings Co. (NYSE:GHC) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,514 shares of the company’s stock after buying an additional 839 shares during the period. Nationwide Fund Advisors’ holdings in Graham Holdings were worth $10,532,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in GHC. Schroder Investment Management Group increased its stake in Graham Holdings by 13.3% in the second quarter. Schroder Investment Management Group now owns 306,880 shares of the company’s stock worth $150,230,000 after buying an additional 36,095 shares in the last quarter. State Street Corp boosted its position in shares of Graham Holdings by 2.6% in the first quarter. State Street Corp now owns 107,587 shares of the company’s stock worth $51,637,000 after buying an additional 2,719 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Graham Holdings by 73.0% in the first quarter. Renaissance Technologies LLC now owns 55,000 shares of the company’s stock worth $26,400,000 after buying an additional 23,200 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Graham Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 27,884 shares of the company’s stock worth $13,383,000 after buying an additional 971 shares during the last quarter. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Graham Holdings during the first quarter worth about $12,000,000. 68.38% of the stock is currently owned by hedge funds and other institutional investors.
Graham Holdings Co. (NYSE:GHC) opened at 506.55 on Friday. The company has a 50-day moving average of $503.68 and a 200-day moving average of $492.14. Graham Holdings Co. has a 52 week low of $425.14 and a 52 week high of $633.34.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Wednesday, October 19th will be given a $1.21 dividend. The ex-dividend date of this dividend is Monday, October 17th. This represents a $4.84 dividend on an annualized basis and a yield of 0.96%. Graham Holdings’s dividend payout ratio is presently -34.13%.
Separately, TheStreet cut shares of Graham Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
Graham Holdings Company Profile
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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