JPMorgan Chase & Co. Raises Stake in Graham Holdings (NYSE:GHC)

JPMorgan Chase & Co. grew its position in Graham Holdings (NYSE:GHC) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,128 shares of the company’s stock after purchasing an additional 1,941 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.49% of Graham worth $17,361,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its stake in Graham by 80.3% in the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock valued at $14,067,000 after buying an additional 8,953 shares in the last quarter. Millennium Management LLC purchased a new position in Graham during the 2nd quarter worth approximately $2,743,000. FMR LLC increased its holdings in shares of Graham by 358.3% in the 3rd quarter. FMR LLC now owns 4,766 shares of the company’s stock valued at $3,916,000 after acquiring an additional 3,726 shares during the period. Barclays PLC raised its position in Graham by 32.4% in the 3rd quarter. Barclays PLC now owns 13,601 shares of the company’s stock valued at $11,176,000 after purchasing an additional 3,327 shares during the last quarter. Finally, Autumn Glory Partners LLC boosted its stake in Graham by 100.0% during the 3rd quarter. Autumn Glory Partners LLC now owns 4,342 shares of the company’s stock worth $3,568,000 after purchasing an additional 2,171 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $881.30, for a total transaction of $140,126.70. Following the completion of the transaction, the chief accounting officer now directly owns 442 shares of the company’s stock, valued at $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 32.30% of the company’s stock.

Graham Stock Up 1.1 %

GHC opened at $871.13 on Friday. The business has a 50 day moving average price of $909.45 and a two-hundred day moving average price of $815.89. Graham Holdings has a 52 week low of $663.47 and a 52 week high of $974.00. The company has a market cap of $3.78 billion, a PE ratio of 17.06 and a beta of 1.14. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.

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.