Miracle Mile Advisors LLC Makes New Investment in Graham Holdings (NYSE:GHC)

Miracle Mile Advisors LLC purchased a new stake in shares of Graham Holdings (NYSE:GHC) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 501 shares of the company’s stock, valued at approximately $437,000.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Graham by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock valued at $17,361,000 after acquiring an additional 1,941 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Graham by 80.3% during the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock valued at $14,067,000 after purchasing an additional 8,953 shares in the last quarter. Barclays PLC boosted its holdings in Graham by 32.4% in the third quarter. Barclays PLC now owns 13,601 shares of the company’s stock worth $11,176,000 after purchasing an additional 3,327 shares in the last quarter. Franklin Resources Inc. increased its position in Graham by 8.6% during the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company’s stock worth $8,344,000 after buying an additional 819 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Graham by 7.2% during the second quarter. Cetera Investment Advisers now owns 7,578 shares of the company’s stock valued at $5,301,000 after buying an additional 508 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the completion of the sale, the chief accounting officer now directly owns 442 shares of the company’s stock, valued at approximately $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.50% of the company’s stock.

Graham Trading Up 2.1 %

Shares of NYSE:GHC opened at $905.90 on Thursday. Graham Holdings has a 52-week low of $683.00 and a 52-week high of $974.00. 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 company has a market cap of $3.93 billion, a P/E ratio of 17.74 and a beta of 1.14. The stock’s 50-day moving average is $909.98 and its 200-day moving average is $822.07.

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.