Graham (NYSE:GHC) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Graham (NYSE:GHC) from a hold rating to a buy rating in a report published on Thursday.

Graham Stock Performance

Shares of Graham stock opened at $815.04 on Thursday. 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 firm has a market cap of $3.59 billion, a P/E ratio of 13.51 and a beta of 1.11. The firm has a 50 day simple moving average of $767.19 and a 200 day simple moving average of $743.52. Graham has a fifty-two week low of $563.39 and a fifty-two week high of $822.18.

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

Graham Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, October 17th. Graham’s dividend payout ratio is presently 11.41%.

Institutional Trading of Graham

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Graham by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after buying an additional 20,629 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Graham by 31.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock valued at $21,219,000 after buying an additional 7,179 shares during the period. Norges Bank acquired a new position in shares of Graham in the 4th quarter valued at $18,160,000. American Century Companies Inc. grew its holdings in shares of Graham by 80.3% in the 2nd 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 during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Graham by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 18,091 shares of the company’s stock valued at $13,888,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 62.54% of the company’s stock.

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.