Creative Planning Grows Position in Graham Holdings (NYSE:GHC)

Creative Planning boosted its stake in Graham Holdings (NYSE:GHC) by 4.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,425 shares of the company’s stock after buying an additional 138 shares during the quarter. Creative Planning’s holdings in Graham were worth $2,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC purchased a new stake in Graham in the 2nd quarter valued at $35,000. Whittier Trust Co. bought a new position in Graham in the 2nd quarter valued at $70,000. Headlands Technologies LLC bought a new position in Graham in the 2nd quarter valued at $76,000. SG Americas Securities LLC bought a new position in Graham in the 3rd quarter valued at $168,000. Finally, Gladius Capital Management LP grew its stake in Graham by 188.2% in the 2nd quarter. Gladius Capital Management LP now owns 245 shares of the company’s stock valued at $171,000 after purchasing an additional 160 shares during the period. 62.54% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Down 0.1 %

Shares of NYSE:GHC opened at $770.06 on Friday. The company has a market capitalization of $3.39 billion, a PE ratio of 25.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34. The business has a fifty day moving average price of $786.35 and a two-hundred day moving average price of $751.71. Graham Holdings has a 1 year low of $563.39 and a 1 year high of $830.56.

Graham (NYSE:GHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $12.70 earnings per share for the quarter. The company had revenue of $1.19 billion during the quarter. Graham had a return on equity of 5.22% and a net margin of 2.89%.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th will be paid a dividend of $1.72 per share. The ex-dividend date is Thursday, October 17th. This represents a $6.88 annualized dividend and a dividend yield of 0.89%. Graham’s payout ratio is 23.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Graham from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

About Graham

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.