The Manufacturers Life Insurance Company Lowers Position in Graham Holdings (NYSE:GHC)

The Manufacturers Life Insurance Company decreased its stake in shares of Graham Holdings (NYSE:GHC) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,858 shares of the company’s stock after selling 85 shares during the period. The Manufacturers Life Insurance Company’s holdings in Graham were worth $3,170,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GHC. Raymond James Financial Services Advisors Inc. lifted its stake in Graham by 31.0% during the 2nd 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 in the last quarter. American Century Companies Inc. raised its holdings in shares of Graham by 80.3% in the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock valued at $14,067,000 after purchasing an additional 8,953 shares during the last quarter. VELA Investment Management LLC lifted its position in shares of Graham by 13.7% during the second quarter. VELA Investment Management LLC now owns 9,839 shares of the company’s stock valued at $6,883,000 after purchasing an additional 1,188 shares in the last quarter. Cetera Investment Advisers grew its position in Graham by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 7,578 shares of the company’s stock worth $5,301,000 after purchasing an additional 508 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in Graham by 25.8% in the 2nd quarter. Denali Advisors LLC now owns 7,300 shares of the company’s stock valued at $5,107,000 after buying an additional 1,498 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Graham Stock Down 0.4 %

GHC stock opened at $941.32 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 18.43 and a beta of 1.13. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $868.72 and its two-hundred day simple moving average is $789.60. Graham Holdings has a 1-year low of $638.96 and a 1-year high of $972.13.

Graham Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 17th were given a dividend of $1.72 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $6.88 annualized dividend and a yield of 0.73%. Graham’s payout ratio is currently 13.47%.

About Graham

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.