New York State Teachers Retirement System Has $3.77 Million Position in Graham Holdings (NYSE:GHC)

New York State Teachers Retirement System lessened its stake in Graham Holdings (NYSE:GHC) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,587 shares of the company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Graham worth $3,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Graham by 5.9% during the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after purchasing an additional 20,629 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Graham by 31.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after acquiring an additional 7,179 shares during the period. American Century Companies Inc. increased its position in Graham by 80.3% during the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after acquiring an additional 8,953 shares during the period. Gamco Investors INC. ET AL increased its position in Graham by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 18,091 shares of the company’s stock worth $13,888,000 after acquiring an additional 180 shares during the period. Finally, VELA Investment Management LLC boosted its stake in shares of Graham by 13.7% in the 2nd quarter. VELA Investment Management LLC now owns 9,839 shares of the company’s stock valued at $6,883,000 after purchasing an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Graham Stock Up 11.3 %

Shares of NYSE GHC opened at $957.35 on Thursday. The company has a 50 day simple moving average of $798.22 and a 200 day simple moving average of $759.07. The firm has a market cap of $4.21 billion, a PE ratio of 18.75 and a beta of 1.11. Graham Holdings has a 1 year low of $599.03 and a 1 year high of $965.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be issued a dividend of $1.72 per share. The ex-dividend date is Thursday, October 17th. This represents a $6.88 annualized dividend and a yield of 0.72%. Graham’s payout ratio is 13.47%.

Wall Street Analyst Weigh In

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

Graham 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.