Graham Holdings (NYSE:GHC) is VELA Investment Management LLC’s 5th Largest Position

VELA Investment Management LLC boosted its stake in Graham Holdings (NYSE:GHC) by 13.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,839 shares of the company’s stock after acquiring an additional 1,188 shares during the quarter. Graham accounts for about 2.1% of VELA Investment Management LLC’s portfolio, making the stock its 5th biggest holding. VELA Investment Management LLC owned 0.22% of Graham worth $6,883,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Graham in the 2nd quarter valued at $35,000. Whittier Trust Co. acquired a new stake in shares of Graham in the second quarter valued at approximately $70,000. Quest Partners LLC purchased a new position in Graham during the fourth quarter worth approximately $73,000. Principal Securities Inc. purchased a new stake in Graham in the 4th quarter valued at $77,000. Finally, Gladius Capital Management LP increased its stake in shares of Graham by 188.2% in the 2nd 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. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Graham from a “buy” rating to a “hold” rating in a report on Wednesday.

Graham Stock Down 0.5 %

Shares of GHC opened at $753.76 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.32 billion, a P/E ratio of 12.50 and a beta of 1.11. The company’s 50-day moving average price is $748.98 and its 200 day moving average price is $736.08. Graham Holdings has a 12-month low of $563.39 and a 12-month high of $822.18.

Graham (NYSE:GHC) last posted its earnings results on Wednesday, July 31st. The company reported $12.70 earnings per share (EPS) for the quarter. Graham had a return on equity of 5.22% and a net margin of 2.89%.

About Graham

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.