Sterling Capital Management LLC Invests $2.91 Million in Graham Holdings Co (GHC) Stock

Sterling Capital Management LLC purchased a new stake in shares of Graham Holdings Co (NYSE:GHC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,025 shares of the company’s stock, valued at approximately $2,911,000.

Other hedge funds have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group bought a new position in Graham in the 2nd quarter valued at $117,000. Fort L.P. bought a new position in Graham in the 2nd quarter valued at $120,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Graham by 57.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 264 shares of the company’s stock valued at $155,000 after buying an additional 96 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Graham in the 2nd quarter valued at $171,000. Finally, JBF Capital Inc. bought a new position in Graham in the 2nd quarter valued at $205,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Shares of GHC opened at $636.61 on Wednesday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 14.56 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.91. Graham Holdings Co has a 52 week low of $537.40 and a 52 week high of $640.30.

Graham (NYSE:GHC) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $13.19 EPS for the quarter, beating the Zacks’ consensus estimate of $8.65 by $4.54. The firm had revenue of $674.77 million for the quarter. Graham had a return on equity of 7.86% and a net margin of 15.98%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 17th will be given a $1.33 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $5.32 dividend on an annualized basis and a yield of 0.84%.

In other Graham news, Director Katharine Weymouth sold 1,100 shares of the stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $579.95, for a total value of $637,945.00. Following the transaction, the director now directly owns 3,649 shares in the company, valued at approximately $2,116,237.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 21.60% of the stock is currently owned by company insiders.

WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/11/07/sterling-capital-management-llc-invests-2-91-million-in-graham-holdings-co-ghc-stock.html.

Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides a range of certificate, diploma, and degree programs, as well as online education services; and test preparation business services in pre-college, graduate, health, and bar review, as well as publishes and sells test preparation and other books through retail channels.

See Also: How Do You Calculate Return on Equity (ROE)?

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 Co (NYSE:GHC).

Institutional Ownership by Quarter for Graham (NYSE:GHC)

Receive News & Ratings for Graham Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply