Graham (NYSE:GHC) Sets New 12-Month High – What’s Next?

Graham Holdings (NYSE:GHC)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $974.00 and last traded at $974.00, with a volume of 8406 shares traded. The stock had previously closed at $944.64.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Graham Price Performance

The firm has a market cap of $3.90 billion, a PE ratio of 18.07 and a beta of 1.13. The company has a 50 day moving average price of $879.55 and a 200 day moving average price of $794.78. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP raised its position in Graham by 188.2% during the second quarter. Gladius Capital Management LP now owns 245 shares of the company’s stock worth $171,000 after acquiring an additional 160 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Graham by 31.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after purchasing an additional 7,179 shares during the last quarter. Whittier Trust Co. purchased a new stake in Graham in the 2nd quarter valued at approximately $70,000. Innealta Capital LLC purchased a new position in Graham during the second quarter worth $35,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Graham in the second quarter worth $3,568,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

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.