Algert Global LLC Sells 2,750 Shares of Graham Holdings (NYSE:GHC)

Algert Global LLC reduced its stake in shares of Graham Holdings (NYSE:GHC) by 54.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,286 shares of the company’s stock after selling 2,750 shares during the quarter. Algert Global LLC owned approximately 0.05% of Graham worth $1,878,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in shares of Graham by 9.0% during the third quarter. Cerity Partners LLC now owns 631 shares of the company’s stock valued at $519,000 after buying an additional 52 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Graham during the 3rd quarter worth approximately $453,000. Quest Partners LLC lifted its position in Graham by 25,420.0% during the third quarter. Quest Partners LLC now owns 1,276 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,271 shares during the last quarter. KBC Group NV grew its holdings in Graham by 60.0% in the third quarter. KBC Group NV now owns 104 shares of the company’s stock worth $85,000 after purchasing an additional 39 shares during the last quarter. Finally, Covestor Ltd increased its position in Graham by 8.4% during the 3rd quarter. Covestor Ltd now owns 155 shares of the company’s stock valued at $128,000 after buying an additional 12 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.

Graham Price Performance

NYSE GHC opened at $936.58 on Thursday. The stock’s fifty day moving average price is $846.16 and its 200 day moving average price is $779.58. Graham Holdings has a 1 year low of $618.84 and a 1 year high of $972.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 18.39 and a beta of 1.11.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were paid a $1.72 dividend. This represents a $6.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, October 17th. Graham’s payout ratio is 13.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

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.