Millennium Management LLC Invests $2.74 Million in Graham Holdings (NYSE:GHC)

Millennium Management LLC acquired a new position in Graham Holdings (NYSE:GHC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,921 shares of the company’s stock, valued at approximately $2,743,000. Millennium Management LLC owned approximately 0.09% of Graham as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Innealta Capital LLC bought a new stake in Graham during the second quarter worth $35,000. Whittier Trust Co. acquired a new position in shares of Graham in the second quarter valued at $70,000. Headlands Technologies LLC acquired a new position in shares of Graham in the second quarter valued at $76,000. Gladius Capital Management LP increased its holdings in shares of Graham by 188.2% in the second quarter. Gladius Capital Management LP now owns 245 shares of the company’s stock valued at $171,000 after purchasing an additional 160 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of Graham in the second quarter valued at $211,000. Institutional investors own 62.54% of the company’s stock.

Graham Stock Up 1.9 %

GHC stock opened at $810.60 on Tuesday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 26.88 and a beta of 1.11. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. Graham Holdings has a 12 month low of $563.39 and a 12 month high of $822.18. The firm has a 50-day moving average price of $771.10 and a 200-day moving average price of $748.94.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 earnings per share (EPS) for the quarter. The business had revenue of $1.19 billion during the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th will be given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, October 17th. Graham’s dividend payout ratio (DPR) is 23.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

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.