Graham Holdings Co (GHC) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its stake in shares of Graham Holdings Co (NYSE:GHC) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,372 shares of the company’s stock after purchasing an additional 2,384 shares during the period. Schwab Charles Investment Management Inc. owned 0.53% of Graham worth $17,186,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC purchased a new stake in Graham during the third quarter worth approximately $292,000. Wells Fargo & Company MN grew its stake in Graham by 189.8% during the third quarter. Wells Fargo & Company MN now owns 3,692 shares of the company’s stock worth $2,160,000 after buying an additional 2,418 shares during the period. Citadel Advisors LLC purchased a new stake in Graham during the third quarter worth approximately $503,000. Legal & General Group Plc grew its stake in Graham by 5.1% during the third quarter. Legal & General Group Plc now owns 6,187 shares of the company’s stock worth $3,620,000 after buying an additional 303 shares during the period. Finally, Haverford Financial Services Inc. purchased a new stake in Graham during the third quarter worth approximately $490,000. 68.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Graham Holdings Co (NYSE GHC) opened at $562.30 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 1.99. Graham Holdings Co has a 52 week low of $502.25 and a 52 week high of $615.85. The stock has a market cap of $3,165.67, a P/E ratio of 23.32 and a beta of 0.75.

Graham declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 9th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other Graham news, Director Katharine Weymouth sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $565.54, for a total transaction of $848,310.00. Following the completion of the sale, the director now directly owns 14 shares in the company, valued at $7,917.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 22.50% of the stock is owned by insiders.

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Graham 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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Institutional Ownership by Quarter for Graham (NYSE:GHC)

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