Wallace Capital Management Lowers stake in Graham Holdings Co (GHC)

Graham Holdings Co (GHC) : Wallace Capital Management reduced its stake in Graham Holdings Co by 20.84% during the most recent quarter end. The investment management company now holds a total of 82,210 shares of Graham Holdings Co which is valued at $39,016,866 after selling 21,637 shares in Graham Holdings Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Graham Holdings Co makes up approximately 6.83% of Wallace Capital Management’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in GHC during the most recent quarter. The investment firm sold 589 shares of GHC which is valued $279,539.Profund Advisors reduced its stake in GHC by selling 241 shares or 26.28% in the most recent quarter. The Hedge Fund company now holds 676 shares of GHC which is valued at $316,774. Graham Holdings Co makes up approx 0.02% of Profund Advisors’s portfolio.Heritage Investors Management Corp reduced its stake in GHC by selling 306 shares or 12.69% in the most recent quarter. The Hedge Fund company now holds 2,106 shares of GHC which is valued at $977,247. Graham Holdings Co makes up approx 0.07% of Heritage Investors Management Corp’s portfolio.

Graham Holdings Co opened for trading at $477.2 and hit $480.7 on the upside on Monday, eventually ending the session at $479.2, with a gain of 0.37% or 1.75 points. The heightened volatility saw the trading volume jump to 25,965 shares. Company has a market cap of $2,690 M.

Graham Holdings Company is a diversified education and media company whose principal operations include educational services television broadcasting cable systems and online services print and local television news. The Company owns Kaplan which is a provider of educational services; Graham Media Group (WDIV-Detroit KPRC-Houston WKMG-Orlando KSAT-San Antonio WJXT-Jacksonville); Cable ONE serving small-city subscribers in 19 Midwestern western and southern states; The Slate Group (Slate and Slate V); and Foreign Policy. The Company also owns Trove a digital team focused on innovation and experimentation with emerging technologies; SocialCode a leading social marketing solutions company; Celtic Healthcare; Forney Corporation; Joyce/Dayton Corp; and Residential Healthcare Group. Kaplan conducts its operations through three segments: Kaplan Higher Education Kaplan Test Preparation and Kaplan International.

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