California State Teachers Retirement System decreased its position in Graham Holdings Co (NYSE:GHC) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,255 shares of the company’s stock after selling 783 shares during the period. California State Teachers Retirement System owned 0.13% of Graham worth $4,245,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in Graham by 14.5% during the 2nd quarter. Legal & General Group Plc now owns 5,884 shares of the company’s stock worth $3,527,000 after buying an additional 744 shares in the last quarter. Comerica Bank raised its holdings in shares of Graham by 0.8% in the 2nd quarter. Comerica Bank now owns 3,610 shares of the company’s stock valued at $2,168,000 after purchasing an additional 27 shares in the last quarter. KBC Group NV raised its holdings in shares of Graham by 138.5% in the 2nd quarter. KBC Group NV now owns 551 shares of the company’s stock valued at $330,000 after purchasing an additional 320 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Graham by 14.5% in the 2nd quarter. Federated Investors Inc. PA now owns 2,961 shares of the company’s stock valued at $1,776,000 after purchasing an additional 376 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Graham by 189.9% in the 2nd quarter. American Century Companies Inc. now owns 971 shares of the company’s stock valued at $582,000 after purchasing an additional 636 shares in the last quarter. 68.96% of the stock is owned by institutional investors and hedge funds.
In other news, Director Katharine Weymouth sold 1,500 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $565.54, for a total value of $848,310.00. Following the sale, the director now directly owns 14 shares in the company, valued at approximately $7,917.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.50% of the stock is currently owned by company insiders.
Graham declared that its Board of Directors has initiated a stock buyback program on Thursday, November 9th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
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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