Bronte Capital Management Pty Ltd. Reduces Position in Graham Holdings Company $GHC

Bronte Capital Management Pty Ltd. trimmed its holdings in Graham Holdings Company (NYSE:GHC) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 12,785 shares of the company’s stock after selling 570 shares during the quarter. Graham comprises approximately 1.4% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 15th biggest position. Bronte Capital Management Pty Ltd.’s holdings in Graham were worth $13,517,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its stake in shares of Graham by 475.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 23 shares of the company’s stock worth $25,000 after acquiring an additional 19 shares during the period. Kestra Advisory Services LLC bought a new position in Graham during the fourth quarter valued at approximately $45,000. IFP Advisors Inc boosted its holdings in Graham by 100.0% in the fourth quarter. IFP Advisors Inc now owns 46 shares of the company’s stock worth $51,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP grew its position in Graham by 29.3% in the 3rd quarter. Allworth Financial LP now owns 53 shares of the company’s stock worth $62,000 after purchasing an additional 12 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Graham by 600.0% during the 4th quarter. Hantz Financial Services Inc. now owns 56 shares of the company’s stock valued at $62,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Graham Stock Up 1.0%

Shares of GHC stock opened at $1,181.55 on Friday. Graham Holdings Company has a 12 month low of $882.21 and a 12 month high of $1,224.76. The stock has a market cap of $5.09 billion, a P/E ratio of 17.49 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 1.54 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $1,131.64 and a two-hundred day simple moving average of $1,112.82.

Graham (NYSE:GHC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $16.79 earnings per share for the quarter, topping the consensus estimate of $13.11 by $3.68. Graham had a net margin of 5.97% and a return on equity of 5.40%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be given a dividend of $1.88 per share. The ex-dividend date is Thursday, July 16th. This represents a $7.52 annualized dividend and a yield of 0.6%. Graham’s payout ratio is 11.13%.

Wall Street Analysts Forecast Growth

GHC has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating on shares of Graham in a report on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Graham in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Graham has an average rating of “Buy”.

Graham Company Profile

Graham Corporation is a U.S.-based industrial equipment manufacturer specializing in the design and production of vacuum and heat transfer systems. The company’s core offerings include vacuum pumps, exhausters, and energy recovery turbines, as well as steam surface condensers and specialized heat exchangers. These products are engineered to support critical processes in industries that require controlled environments and efficient thermal management.

In addition to its standard product lines, Graham Corporation provides aftermarket services such as equipment installation, field maintenance, performance testing, and spare parts supply.