Graham (NYSE:GHC) Hits New 12-Month High – Here’s Why

Graham Holdings (NYSE:GHC) shares hit a new 52-week high on Tuesday . The stock traded as high as $826.00 and last traded at $826.00, with a volume of 4972 shares. The stock had previously closed at $809.22.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a report on Friday, October 4th.

Graham Price Performance

The firm has a market cap of $3.62 billion, a P/E ratio of 27.36 and a beta of 1.11. The business’s fifty day simple moving average is $773.32 and its 200-day simple moving average is $749.25. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18.

Graham (NYSE:GHC) last posted its earnings results on Wednesday, July 31st. The company reported $12.70 earnings per share (EPS) for the quarter. The business had revenue of $1.19 billion for the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%.

Graham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th will be issued a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, October 17th. Graham’s payout ratio is 23.22%.

Institutional Trading of Graham

Several institutional investors and hedge funds have recently made changes to their positions in GHC. Vanguard Group Inc. lifted its position in Graham by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after buying an additional 20,629 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Graham by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after acquiring an additional 8,953 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Graham in the 1st quarter valued at $6,230,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of 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 purchasing an additional 7,179 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in Graham in the 1st quarter worth $5,256,000. Hedge funds and other institutional investors own 62.54% 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.