Comerica Bank Decreases Holdings in Graham Holdings Company $GHC

Comerica Bank trimmed its holdings in shares of Graham Holdings Company (NYSE:GHC) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 996 shares of the company’s stock after selling 28 shares during the period. Comerica Bank’s holdings in Graham were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in Graham by 12.6% during the 4th quarter. Northern Trust Corp now owns 44,473 shares of the company’s stock worth $38,777,000 after purchasing an additional 4,988 shares during the period. Raymond James Financial Inc. boosted its position in Graham by 0.4% during the 1st quarter. Raymond James Financial Inc. now owns 30,838 shares of the company’s stock worth $29,631,000 after purchasing an additional 131 shares during the period. Invesco Ltd. boosted its position in Graham by 9.3% during the 1st quarter. Invesco Ltd. now owns 21,677 shares of the company’s stock worth $20,829,000 after purchasing an additional 1,849 shares during the period. GAMMA Investing LLC boosted its position in Graham by 128,013.3% during the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company’s stock worth $18,465,000 after purchasing an additional 19,202 shares during the period. Finally, Nuveen LLC purchased a new stake in Graham during the 1st quarter worth $8,351,000. 93.16% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Down 0.1%

Shares of Graham stock opened at $1,127.29 on Friday. The company has a fifty day moving average price of $988.98 and a 200 day moving average price of $958.77. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Graham Holdings Company has a twelve month low of $724.69 and a twelve month high of $1,137.22. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 7.24 and a beta of 0.89.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, beating analysts’ consensus estimates of $10.15 by $4.18. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Graham had a net margin of 14.10% and a return on equity of 6.79%.

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.