Ameriprise Financial Inc. cut its stake in shares of Graham Holdings Co. (NYSE:GHC) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 14,809 shares of the company’s stock after selling 423 shares during the period. Ameriprise Financial Inc.’s holdings in Graham Holdings were worth $7,250,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of GHC. Jacobs Levy Equity Management Inc. boosted its position in Graham Holdings by 413.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,965 shares of the company’s stock worth $10,543,000 after buying an additional 17,688 shares during the last quarter. Kazazian Asset Management LLC acquired a new position in Graham Holdings during the first quarter worth $135,000. Renaissance Technologies LLC boosted its position in Graham Holdings by 73.0% in the first quarter. Renaissance Technologies LLC now owns 55,000 shares of the company’s stock worth $26,400,000 after buying an additional 23,200 shares during the last quarter. Bogle Investment Management L P DE acquired a new position in Graham Holdings during the first quarter worth $221,000. Finally, Geode Capital Management LLC boosted its position in Graham Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 27,884 shares of the company’s stock worth $13,383,000 after buying an additional 971 shares during the last quarter. 68.38% of the stock is owned by institutional investors and hedge funds.
Graham Holdings Co. (NYSE:GHC) traded down 0.98% during trading on Friday, reaching $473.61. The company had a trading volume of 32,148 shares. Graham Holdings Co. has a 1-year low of $425.14 and a 1-year high of $600.10. The firm has a 50-day moving average of $499.19 and a 200-day moving average of $492.88.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Wednesday, October 19th will be issued a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, October 17th. Graham Holdings’s payout ratio is -34.13%.
Separately, TheStreet cut Graham Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
Graham Holdings Company Profile
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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