StockNews.com lowered shares of Graham (NYSE:GHC – Free Report) 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 – Get Free Report) 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
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.
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