Bank of America Corp DE lowered its stake in Graham Holdings Company (NYSE:GHC) by 51.9% during the first quarter, Holdings Channel reports. The fund owned 3,858 shares of the company’s stock after selling 4,156 shares during the period. Bank of America Corp DE’s holdings in Graham Holdings were worth $2,313,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of GHC. BlackRock Inc. raised its position in shares of Graham Holdings by 11,394.4% in the first quarter. BlackRock Inc. now owns 365,638 shares of the company’s stock valued at $219,217,000 after buying an additional 362,457 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Graham Holdings by 16.5% in the first quarter. Dimensional Fund Advisors LP now owns 195,006 shares of the company’s stock valued at $116,913,000 after buying an additional 27,607 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Graham Holdings by 8.2% in the first quarter. Vanguard Group Inc. now owns 360,123 shares of the company’s stock valued at $215,912,000 after buying an additional 27,421 shares during the last quarter. Denver Investment Advisors LLC acquired a new position in shares of Graham Holdings during the first quarter valued at approximately $12,695,000. Finally, First Trust Advisors LP raised its position in shares of Graham Holdings by 874.1% in the first quarter. First Trust Advisors LP now owns 19,044 shares of the company’s stock valued at $11,418,000 after buying an additional 17,089 shares during the last quarter. 74.59% of the stock is owned by institutional investors.
Shares of Graham Holdings Company (GHC) traded up 0.21% during mid-day trading on Friday, reaching $575.50. The company’s stock had a trading volume of 1,449 shares. Graham Holdings Company has a 12-month low of $440.55 and a 12-month high of $615.85. The company’s 50-day moving average price is $595.42 and its 200-day moving average price is $581.14.
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GHC has been the subject of several recent analyst reports. BidaskClub lowered Graham Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet lowered Graham Holdings from a “b-” rating to a “c+” rating in a report on Wednesday, August 2nd.
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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