Bridgewater Associates LP Cuts Stock Position in Graham Holdings (NYSE:GHC)

Bridgewater Associates LP decreased its stake in shares of Graham Holdings (NYSE:GHC) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,012 shares of the company’s stock after selling 1,335 shares during the quarter. Bridgewater Associates LP owned about 0.09% of Graham worth $3,297,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Graham by 37.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 899 shares of the company’s stock valued at $739,000 after purchasing an additional 243 shares during the last quarter. FMR LLC lifted its stake in shares of Graham by 358.3% in the third quarter. FMR LLC now owns 4,766 shares of the company’s stock worth $3,916,000 after buying an additional 3,726 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Graham by 558.3% during the third quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock valued at $65,000 after buying an additional 67 shares during the last quarter. Cerity Partners LLC increased 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 acquiring an additional 52 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Graham in the 3rd quarter worth approximately $453,000. 62.54% of the stock is owned by institutional investors.

Graham Price Performance

Shares of NYSE:GHC opened at $931.12 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 18.23 and a beta of 1.11. The business has a 50-day simple moving average of $854.43 and a two-hundred day simple moving average of $783.07. Graham Holdings has a fifty-two week low of $621.20 and a fifty-two week high of $972.13.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 17th were given a dividend of $1.72 per share. The ex-dividend date was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.74%. Graham’s dividend payout ratio (DPR) is 13.47%.

Analyst Ratings Changes

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

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.