Graham Holdings Company $GHC Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its holdings in Graham Holdings Company (NYSE:GHC) by 126.4% during the second quarter, HoldingsChannel reports. The fund owned 1,791 shares of the company’s stock after buying an additional 1,000 shares during the period. Assetmark Inc.’s holdings in Graham were worth $1,695,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GHC. DAVENPORT & Co LLC boosted its holdings in shares of Graham by 3.4% in the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock valued at $577,000 after purchasing an additional 20 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Graham in the 1st quarter valued at $375,000. Principal Financial Group Inc. boosted its holdings in shares of Graham by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 8,619 shares of the company’s stock valued at $8,282,000 after purchasing an additional 158 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Graham by 244.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,628 shares of the company’s stock valued at $1,564,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Allianz SE acquired a new position in shares of Graham in the 1st quarter valued at $400,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings downgraded shares of Graham from a “buy (a-)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Graham has an average rating of “Buy”.

Graham Stock Performance

Graham stock opened at $1,034.77 on Wednesday. Graham Holdings Company has a 12-month low of $840.50 and a 12-month high of $1,200.00. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 6.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The firm’s fifty day moving average price is $1,089.95 and its 200 day moving average price is $1,003.38.

Graham (NYSE:GHC) last released its quarterly earnings results on Wednesday, October 29th. The company reported $14.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.36 by $1.72. Graham had a net margin of 14.93% and a return on equity of 6.34%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.19 billion.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 annualized dividend and a yield of 0.7%. Graham’s payout ratio is 4.30%.

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.