Graham (NYSE:GHC) Sets New 52-Week High – Here’s What Happened

Graham Holdings (NYSE:GHC)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $1,015.00 and last traded at $1,002.81, with a volume of 5689 shares trading hands. The stock had previously closed at $970.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Graham from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 23rd.

Graham Stock Down 0.4%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The company has a market capitalization of $4.29 billion, a P/E ratio of 19.27 and a beta of 0.91. The company has a 50 day moving average of $934.41 and a 200-day moving average of $921.56.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping the consensus estimate of $11.29 by $0.35. Graham had a net margin of 4.86% and a return on equity of 5.79%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion.

Graham Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, July 17th. This represents a $7.20 annualized dividend and a dividend yield of 0.73%. Graham’s payout ratio is 5.05%.

Hedge Funds Weigh In On Graham

Several large investors have recently made changes to their positions in GHC. Northern Trust Corp increased its position in shares of Graham by 12.6% during the fourth quarter. Northern Trust Corp now owns 44,473 shares of the company’s stock valued at $38,777,000 after acquiring an additional 4,988 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Graham by 0.4% during the first quarter. Raymond James Financial Inc. now owns 30,838 shares of the company’s stock valued at $29,631,000 after acquiring an additional 131 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Graham by 16.5% during the fourth quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company’s stock valued at $21,469,000 after acquiring an additional 3,495 shares in the last quarter. Invesco Ltd. increased its position in shares of Graham by 9.3% during the first quarter. Invesco Ltd. now owns 21,677 shares of the company’s stock valued at $20,829,000 after acquiring an additional 1,849 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Graham by 128,013.3% during the first quarter. GAMMA Investing LLC now owns 19,217 shares of the company’s stock valued at $18,465,000 after acquiring an additional 19,202 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

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.