Graham Holdings (NYSE:GHC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Graham Holdings (NYSE:GHC) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,128 shares of the company’s stock after purchasing an additional 1,941 shares during the quarter. JPMorgan Chase & Co.’s holdings in Graham were worth $17,361,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in Graham by 558.3% during the third quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock worth $65,000 after buying an additional 67 shares during the period. KBC Group NV grew its holdings in shares of Graham by 60.0% in the 3rd quarter. KBC Group NV now owns 104 shares of the company’s stock worth $85,000 after acquiring an additional 39 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Graham in the 2nd quarter worth approximately $76,000. Covestor Ltd increased its stake in Graham by 8.4% in the 3rd quarter. Covestor Ltd now owns 155 shares of the company’s stock valued at $128,000 after purchasing an additional 12 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Graham during the third quarter worth $168,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Analyst Ratings Changes

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

Graham Stock Performance

NYSE:GHC opened at $871.13 on Friday. 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 company has a market capitalization of $3.78 billion, a P/E ratio of 17.06 and a beta of 1.14. The firm has a 50-day moving average price of $909.45 and a two-hundred day moving average price of $815.89. Graham Holdings has a twelve month low of $663.47 and a twelve month high of $974.00.

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the sale, the chief accounting officer now owns 442 shares of the company’s stock, valued at $389,534.60. This trade represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 32.30% of the company’s stock.

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.