StockNews.com Lowers Graham (NYSE:GHC) to Hold

StockNews.com lowered shares of Graham (NYSE:GHC) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Graham Trading Down 1.8 %

Shares of GHC opened at $795.31 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 13.19 and a beta of 1.11. The company has a 50-day moving average of $768.08 and a 200 day moving average of $747.34. Graham has a 1-year low of $563.39 and a 1-year high of $822.18.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $12.70 earnings per share for the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%. The firm had revenue of $1.19 billion during the quarter.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th 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 0.87%. The ex-dividend date of this dividend is Thursday, October 17th. Graham’s dividend payout ratio (DPR) is presently 11.41%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after purchasing an additional 20,629 shares during the period. American Century Companies Inc. raised its stake in Graham by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock valued at $14,067,000 after purchasing an additional 8,953 shares during the last quarter. SageView Advisory Group LLC purchased a new position in Graham in the 1st quarter valued at $6,230,000. Raymond James Financial Services Advisors Inc. boosted its stake in Graham by 31.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after purchasing an additional 7,179 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of Graham during the first quarter worth $5,256,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Graham Company Profile

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.