Victory Capital Management Inc. Trims Position in Graham Holdings (NYSE:GHC)

Victory Capital Management Inc. reduced its holdings in Graham Holdings (NYSE:GHC) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,952 shares of the company’s stock after selling 49 shares during the period. Victory Capital Management Inc. owned about 0.07% of Graham worth $2,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GHC. Cetera Advisors LLC purchased a new position in shares of Graham during the 1st quarter valued at approximately $5,256,000. Vanguard Group Inc. increased its stake in shares of Graham by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after purchasing an additional 20,629 shares in the last quarter. Tidal Investments LLC acquired a new position in Graham in the 1st quarter worth about $857,000. Raymond James Financial Services Advisors Inc. boosted its position in Graham by 31.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after purchasing an additional 7,179 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Graham by 175.4% in the second quarter. Commonwealth Equity Services LLC now owns 1,162 shares of the company’s stock valued at $813,000 after purchasing an additional 740 shares during the period. Institutional investors and hedge funds own 62.54% of the company’s stock.

Graham Stock Up 0.8 %

Shares of NYSE GHC opened at $925.82 on Monday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 18.13 and a beta of 1.11. The company’s 50-day simple moving average is $839.48 and its 200-day simple moving average is $776.85. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. Graham Holdings has a 52-week low of $618.84 and a 52-week high of $972.13.

Graham Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were issued a dividend of $1.72 per share. The ex-dividend date was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.74%. Graham’s payout ratio is currently 13.47%.

Analysts Set New Price Targets

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

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.