Cresset Asset Management LLC Lowers Position in Graham Holdings (NYSE:GHC)

Cresset Asset Management LLC decreased its position in Graham Holdings (NYSE:GHC) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 521 shares of the company’s stock after selling 64 shares during the period. Cresset Asset Management LLC’s holdings in Graham were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares in the last quarter. KBC Group NV boosted its holdings in Graham by 36.5% during the fourth quarter. KBC Group NV now owns 142 shares of the company’s stock worth $124,000 after buying an additional 38 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Graham by 44.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock worth $126,000 after buying an additional 44 shares in the last quarter. Principal Securities Inc. boosted its holdings in Graham by 30.0% during the fourth quarter. Principal Securities Inc. now owns 182 shares of the company’s stock worth $159,000 after buying an additional 42 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new stake in Graham during the fourth quarter worth about $197,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Graham from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 23rd.

Graham Stock Down 1.7%

GHC stock opened at $968.39 on Thursday. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $1,015.00. The company has a market cap of $4.22 billion, a P/E ratio of 18.96 and a beta of 0.91. 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’s 50-day moving average price is $935.80 and its 200 day moving average price is $922.32.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 17th. Graham’s dividend payout ratio (DPR) is presently 5.05%.

Graham 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.