Martingale Asset Management L P Has $5.85 Million Position in Graham Holdings Co (GHC)

Martingale Asset Management L P grew its stake in Graham Holdings Co (NYSE:GHC) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,104 shares of the company’s stock after buying an additional 500 shares during the period. Martingale Asset Management L P owned approximately 0.19% of Graham worth $5,854,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group purchased a new position in Graham in the 2nd quarter worth approximately $117,000. Fort L.P. purchased a new position in Graham in the 2nd quarter worth approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Graham by 57.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 264 shares of the company’s stock worth $155,000 after buying an additional 96 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Graham in the 2nd quarter worth approximately $171,000. Finally, JBF Capital Inc. purchased a new position in Graham in the 2nd quarter worth approximately $205,000. 69.38% of the stock is owned by institutional investors and hedge funds.

In other news, Director Katharine Weymouth sold 700 shares of the company’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $590.28, for a total value of $413,196.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.50% of the stock is currently owned by corporate insiders.

GHC stock opened at $627.92 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.91 and a quick ratio of 1.82. Graham Holdings Co has a one year low of $537.40 and a one year high of $660.00. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.93 and a beta of 0.51.

Graham (NYSE:GHC) last released its quarterly earnings results on Wednesday, October 31st. The company reported $13.19 EPS for the quarter, topping the Zacks’ consensus estimate of $8.65 by $4.54. Graham had a net margin of 15.98% and a return on equity of 7.86%. The business had revenue of $674.77 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 17th were paid a $1.33 dividend. The ex-dividend date was Tuesday, October 16th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 0.85%.

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About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides a range of certificate, diploma, and degree programs, as well as online education services; and test preparation business services in pre-college, graduate, health, and bar review, as well as publishes and sells test preparation and other books through retail channels.

Further Reading: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for Graham (NYSE:GHC)

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