Sawtooth Solutions LLC Takes $402,000 Position in Graham Holdings Co (NYSE:GHC)

Sawtooth Solutions LLC purchased a new position in shares of Graham Holdings Co (NYSE:GHC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 588 shares of the company’s stock, valued at approximately $402,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Graham in the fourth quarter valued at $59,399,000. Robeco Institutional Asset Management B.V. lifted its stake in Graham by 140.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 87,037 shares of the company’s stock valued at $59,462,000 after buying an additional 50,853 shares during the last quarter. Martingale Asset Management L P lifted its stake in Graham by 154.5% in the first quarter. Martingale Asset Management L P now owns 26,355 shares of the company’s stock valued at $18,006,000 after buying an additional 16,000 shares during the last quarter. BlackRock Inc. lifted its stake in Graham by 4.1% in the fourth quarter. BlackRock Inc. now owns 393,182 shares of the company’s stock valued at $251,864,000 after buying an additional 15,390 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Graham by 103.9% in the first quarter. Acadian Asset Management LLC now owns 27,886 shares of the company’s stock valued at $19,048,000 after buying an additional 14,211 shares during the last quarter. 68.98% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE GHC traded up $12.03 during midday trading on Monday, reaching $702.06. 27,636 shares of the company traded hands, compared to its average volume of 30,597. Graham Holdings Co has a 52 week low of $537.40 and a 52 week high of $752.74. The stock’s 50-day moving average is $692.41. The company has a current ratio of 1.78, a quick ratio of 1.65 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.66 billion, a P/E ratio of 14.81 and a beta of 0.47.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $7.18 earnings per share for the quarter, beating analysts’ consensus estimates of $7.13 by $0.05. Graham had a net margin of 11.36% and a return on equity of 8.49%. The business had revenue of $692.20 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, July 17th.

Separately, ValuEngine cut shares of Graham from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials, as well as data science education, and training and healthcare simulation services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to Purdue University Global.

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Institutional Ownership by Quarter for Graham (NYSE:GHC)

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