Bronte Capital Management Pty Ltd. Has $15.07 Million Stock Position in Graham Holdings (NYSE:GHC)

Bronte Capital Management Pty Ltd. decreased its position in shares of Graham Holdings (NYSE:GHC) by 3.9% during the 2nd quarter, Holdings Channel reports. The fund owned 21,537 shares of the company’s stock after selling 868 shares during the quarter. Graham accounts for about 1.3% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 17th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in Graham were worth $15,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after acquiring an additional 20,629 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Graham by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 55,621 shares of the company’s stock valued at $38,741,000 after purchasing an additional 867 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Graham by 31.0% in 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 purchasing an additional 7,179 shares during the period. Norges Bank bought a new stake in Graham during the 4th quarter worth approximately $18,160,000. Finally, Gamco Investors INC. ET AL raised its holdings in Graham by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 18,091 shares of the company’s stock worth $13,888,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 62.54% of the company’s stock.

Graham Stock Up 0.4 %

NYSE:GHC opened at $734.98 on Tuesday. Graham Holdings has a twelve month low of $563.39 and a twelve month high of $822.18. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 12.19 and a beta of 1.11. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $750.77 and its two-hundred day moving average price is $736.52.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

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.