Principal Financial Group Inc. Sells 3,024 Shares of Graham Holdings (NYSE:GHC)

Principal Financial Group Inc. cut its position in shares of Graham Holdings (NYSE:GHC) by 26.0% during the third quarter, HoldingsChannel.com reports. The firm owned 8,614 shares of the company’s stock after selling 3,024 shares during the period. Principal Financial Group Inc.’s holdings in Graham were worth $7,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in Graham by 558.3% in the 3rd 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 period. Headlands Technologies LLC bought a new stake in Graham in the second quarter valued at about $76,000. KBC Group NV raised its position 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 in the last quarter. Covestor Ltd lifted its stake in Graham by 8.4% during the third quarter. Covestor Ltd now owns 155 shares of the company’s stock worth $128,000 after purchasing an additional 12 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Graham during the third quarter valued at approximately $168,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Graham Stock Down 0.1 %

Shares of NYSE GHC opened at $871.92 on Wednesday. The business has a fifty day moving average of $899.31 and a two-hundred day moving average of $809.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. Graham Holdings has a 52-week low of $663.47 and a 52-week high of $974.00. The stock has a market cap of $3.78 billion, a PE ratio of 17.07 and a beta of 1.13.

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.