Janney Montgomery Scott LLC Cuts Position in Graham Holdings Co (NYSE:GHC)

Janney Montgomery Scott LLC decreased its position in Graham Holdings Co (NYSE:GHC) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349 shares of the company’s stock after selling 95 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Graham were worth $232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Certified Advisory Corp purchased a new stake in Graham in the second quarter valued at approximately $48,000. Point72 Hong Kong Ltd purchased a new stake in Graham in the second quarter valued at approximately $70,000. Tower Research Capital LLC TRC purchased a new stake in Graham in the second quarter valued at approximately $70,000. Signaturefd LLC raised its position in Graham by 71.9% in the second quarter. Signaturefd LLC now owns 110 shares of the company’s stock valued at $76,000 after purchasing an additional 46 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in Graham in the second quarter valued at approximately $79,000. 70.04% of the stock is currently owned by institutional investors.

Graham stock opened at $630.35 on Monday. Graham Holdings Co has a twelve month low of $614.81 and a twelve month high of $756.26. The stock’s fifty day simple moving average is $646.07 and its 200-day simple moving average is $690.74. The company has a current ratio of 1.55, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.36 billion, a P/E ratio of 16.35 and a beta of 0.42.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $6.60 by $1.34. Graham had a return on equity of 6.88% and a net margin of 8.35%. The business had revenue of $738.82 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, October 16th.

A number of brokerages have issued reports on GHC. ValuEngine raised Graham from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. TheStreet lowered Graham from a “b” rating to a “c+” rating in a research report on Friday, November 1st.

Graham Profile

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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