Graham Holdings (NYSE:GHC) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC cut its position in Graham Holdings (NYSE:GHC) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 811 shares of the company’s stock after selling 347 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Graham were worth $567,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GHC. Norges Bank purchased a new position in Graham during the 4th quarter worth approximately $18,160,000. Vanguard Group Inc. raised its holdings in shares of Graham by 5.9% during the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after purchasing an additional 20,629 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Graham by 80.3% during the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after purchasing an additional 8,953 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Graham during the first quarter valued at $6,230,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings 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 purchasing an additional 7,179 shares during the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research note on Thursday.

Graham Price Performance

Shares of NYSE GHC opened at $815.04 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 13.51 and a beta of 1.11. The firm’s 50 day simple moving average is $767.19 and its 200-day simple moving average is $743.52. Graham Holdings has a 12 month low of $563.39 and a 12 month high of $822.18.

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

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be given a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.84%. Graham’s dividend payout ratio is currently 11.41%.

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.