Retirement Systems of Alabama Sells 114 Shares of Graham Holdings (NYSE:GHC)

Retirement Systems of Alabama lowered its position in Graham Holdings (NYSE:GHC) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,174 shares of the company’s stock after selling 114 shares during the period. Retirement Systems of Alabama’s holdings in Graham were worth $3,430,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Graham by 80.3% in the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after acquiring an additional 8,953 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Graham in the 2nd quarter valued at approximately $3,568,000. Millennium Management LLC acquired a new position in shares of Graham in the 2nd quarter valued at approximately $2,743,000. FMR LLC increased its stake in Graham by 358.3% during the 3rd quarter. FMR LLC now owns 4,766 shares of the company’s stock worth $3,916,000 after purchasing an additional 3,726 shares in the last quarter. Finally, Barclays PLC raised its holdings in Graham by 32.4% during the 3rd quarter. Barclays PLC now owns 13,601 shares of the company’s stock worth $11,176,000 after buying an additional 3,327 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

Graham Stock Up 1.2 %

Shares of Graham stock opened at $870.17 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 17.04 and a beta of 1.13. The business’s 50 day simple moving average is $887.92 and its 200 day simple moving average is $799.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. Graham Holdings has a 52-week low of $663.47 and a 52-week high of $974.00.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a 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.