Engineers Gate Manager LP Has $1.98 Million Holdings in Graham Holdings Company $GHC

Engineers Gate Manager LP grew its position in shares of Graham Holdings Company (NYSE:GHC) by 135.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,734 shares of the company’s stock after buying an additional 996 shares during the quarter. Engineers Gate Manager LP’s holdings in Graham were worth $1,979,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GHC. First Trust Advisors LP raised its stake in shares of Graham by 8.9% in the first quarter. First Trust Advisors LP now owns 92,505 shares of the company’s stock valued at $97,802,000 after acquiring an additional 7,582 shares during the last quarter. Geode Capital Management LLC grew its position in Graham by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 87,169 shares of the company’s stock worth $95,778,000 after acquiring an additional 3,105 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Graham by 43.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,804 shares of the company’s stock valued at $16,765,000 after purchasing an additional 4,769 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Graham by 0.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 13,549 shares of the company’s stock valued at $14,885,000 after purchasing an additional 120 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Graham by 11.0% in the 1st quarter. Bank of America Corp DE now owns 13,290 shares of the company’s stock valued at $14,051,000 after purchasing an additional 1,315 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Graham Stock Performance

Shares of Graham stock opened at $1,161.61 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.86 and a quick ratio of 1.59. The firm has a 50 day simple moving average of $1,167.36 and a 200 day simple moving average of $1,129.88. Graham Holdings Company has a fifty-two week low of $929.76 and a fifty-two week high of $1,262.34. The firm has a market cap of $4.92 billion, a P/E ratio of 9.36 and a beta of 0.71.

Graham (NYSE:GHC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $19.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.83 by $4.63. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. Graham had a return on equity of 5.73% and a net margin of 10.69%.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be paid a dividend of $1.88 per share. This represents a $7.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 15th. Graham’s dividend payout ratio is 6.06%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Oppenheimer reissued an “outperform” rating on shares of Graham in a research note on Thursday, June 25th. Wall Street Zen upgraded Graham from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut Graham from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Graham

Graham Holdings Company is a diversified American holding company formerly known as The Washington Post Company. The company changed its name in 2013 after selling The Washington Post newspaper to Jeff Bezos. Today, Graham Holdings operates businesses in education, television broadcasting, health care and other industries.

Its largest operating business is Kaplan, which provides educational services, professional training, test preparation, higher education programs and related learning products.