Graham Holdings (NYSE:GHC) Shares Sold by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. lessened its stake in Graham Holdings (NYSE:GHC) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,408 shares of the company’s stock after selling 2,062 shares during the period. Graham makes up about 1.5% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 17th biggest position. Bronte Capital Management Pty Ltd.’s holdings in Graham were worth $15,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GHC. AQR Capital Management LLC boosted its position in shares of Graham by 27.2% during the 3rd quarter. AQR Capital Management LLC now owns 39,538 shares of the company’s stock worth $23,051,000 after purchasing an additional 8,443 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Graham in the 3rd quarter valued at $2,531,000. Assenagon Asset Management S.A. purchased a new position in shares of Graham in the 4th quarter valued at about $2,136,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Graham by 147.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,610 shares of the company’s stock valued at $2,105,000 after buying an additional 2,152 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Graham by 12.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 18,071 shares of the company’s stock valued at $10,535,000 after purchasing an additional 2,025 shares during the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Wednesday.

Graham Price Performance

Shares of GHC traded down $0.03 during trading hours on Thursday, reaching $763.07. The company had a trading volume of 23,945 shares, compared to its average volume of 14,467. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 12.72 and a beta of 1.11. Graham Holdings has a 12-month low of $551.36 and a 12-month high of $771.05. The firm has a 50 day simple moving average of $729.27 and a 200-day simple moving average of $689.63. The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, May 1st. The company reported $11.24 earnings per share (EPS) for the quarter. The company had revenue of $1.15 billion during the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 18th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, July 18th. Graham’s payout ratio is currently 11.41%.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 556 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $712.99, for a total transaction of $396,422.44. Following the completion of the sale, the director now directly owns 1,993 shares of the company’s stock, valued at approximately $1,420,989.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 32.30% 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.