State of Alaska Department of Revenue Increases Position in Graham Holdings Co (NYSE:GHC)

State of Alaska Department of Revenue increased its stake in Graham Holdings Co (NYSE:GHC) by 30.6% in the second quarter, HoldingsChannel.com reports. The firm owned 2,679 shares of the company’s stock after acquiring an additional 627 shares during the quarter. State of Alaska Department of Revenue’s holdings in Graham were worth $1,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Unigestion Holding SA increased its holdings in Graham by 77.0% during the 2nd quarter. Unigestion Holding SA now owns 5,821 shares of the company’s stock valued at $4,017,000 after acquiring an additional 2,533 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Graham by 4.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,110 shares of the company’s stock worth $711,000 after purchasing an additional 46 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Graham by 6.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 473 shares of the company’s stock worth $323,000 after purchasing an additional 29 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Graham by 154.5% during the 1st quarter. Martingale Asset Management L P now owns 26,355 shares of the company’s stock worth $18,006,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Graham by 103.9% during the 1st quarter. Acadian Asset Management LLC now owns 27,886 shares of the company’s stock worth $19,048,000 after purchasing an additional 14,211 shares during the last quarter. Institutional investors and hedge funds own 69.61% of the company’s stock.

Shares of Graham stock traded down $10.00 during mid-day trading on Monday, hitting $697.50. 258 shares of the stock were exchanged, compared to its average volume of 24,015. Graham Holdings Co has a twelve month low of $549.75 and a twelve month high of $756.26. The company has a market cap of $3.76 billion, a PE ratio of 16.11 and a beta of 0.46. The stock has a 50-day moving average of $719.38. The company has a quick ratio of 1.65, a current ratio of 1.82 and a debt-to-equity ratio of 0.27.

Graham (NYSE:GHC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.89 by ($0.53). Graham had a return on equity of 7.88% and a net margin of 11.48%. The firm had revenue of $737.60 million for the quarter.

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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