Lazard Asset Management LLC Buys 78 Shares of Graham Holdings (NYSE:GHC)

Lazard Asset Management LLC lifted its stake in Graham Holdings (NYSE:GHCGet Rating) by 156.0% during the second quarter, HoldingsChannel reports. The firm owned 128 shares of the company’s stock after purchasing an additional 78 shares during the period. Lazard Asset Management LLC’s holdings in Graham were worth $72,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in Graham by 197.9% in the first quarter. First Trust Advisors LP now owns 23,373 shares of the company’s stock worth $14,292,000 after acquiring an additional 15,526 shares during the period. Goldman Sachs Group Inc. lifted its stake in Graham by 87.6% in the first quarter. Goldman Sachs Group Inc. now owns 31,334 shares of the company’s stock worth $19,160,000 after acquiring an additional 14,630 shares during the period. Capital Research Global Investors lifted its stake in Graham by 20.0% in the first quarter. Capital Research Global Investors now owns 60,000 shares of the company’s stock worth $36,688,000 after acquiring an additional 10,000 shares during the period. HighTower Advisors LLC lifted its stake in Graham by 126.0% in the first quarter. HighTower Advisors LLC now owns 13,240 shares of the company’s stock worth $8,090,000 after acquiring an additional 7,382 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Graham in the second quarter worth about $2,628,000. 63.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Graham

In related news, Director Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average cost of $556.15 per share, with a total value of $55,615.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $3,058,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.50% of the company’s stock.

Graham Stock Performance

GHC stock opened at $641.75 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 21.86 and a beta of 1.03. The firm has a 50-day simple moving average of $595.24 and a two-hundred day simple moving average of $585.85. Graham Holdings has a one year low of $525.58 and a one year high of $675.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.44.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Tuesday, October 18th were given a dividend of $1.58 per share. This represents a $6.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, October 17th. Graham’s payout ratio is 21.53%.

Analysts Set New Price Targets

A number of analysts recently weighed in on GHC shares. StockNews.com started coverage on shares of Graham in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet lowered shares of Graham from a “b” rating to a “c” rating in a research report on Friday, August 5th.

Graham Company Profile

(Get Rating)

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global.

See Also

Want to see what other hedge funds are holding GHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graham Holdings (NYSE:GHCGet Rating).

Institutional Ownership by Quarter for Graham (NYSE:GHC)

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