Bronte Capital Management Pty Ltd. Sells 2,080 Shares of Graham Holdings (NYSE:GHC)

Bronte Capital Management Pty Ltd. lessened its stake in Graham Holdings (NYSE:GHC) by 9.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 19,457 shares of the company’s stock after selling 2,080 shares during the quarter. Graham makes up 1.4% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 16th largest holding. Bronte Capital Management Pty Ltd.’s holdings in Graham were worth $15,988,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of Graham by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 1,824 shares of the company’s stock worth $1,400,000 after buying an additional 746 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Graham by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 3,133 shares of the company’s stock valued at $2,405,000 after purchasing an additional 41 shares during the last quarter. Swiss National Bank raised its stake in shares of Graham by 2.9% in the first quarter. Swiss National Bank now owns 7,100 shares of the company’s stock worth $5,451,000 after purchasing an additional 200 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Graham during the first quarter valued at $452,000. Finally, ProShare Advisors LLC boosted its position in shares of Graham by 2.2% during the first quarter. ProShare Advisors LLC now owns 799 shares of the company’s stock valued at $613,000 after buying an additional 17 shares during the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Up 0.1 %

Shares of Graham stock opened at $961.00 on Tuesday. 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 Holdings has a twelve month low of $605.32 and a twelve month high of $972.13. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 18.82 and a beta of 1.11. The company’s 50 day moving average is $803.98 and its 200 day moving average is $762.59.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were paid a $1.72 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.72%. Graham’s dividend payout ratio (DPR) is currently 13.47%.

Analysts Set New Price Targets

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

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.