Graham Holdings Stock Price, News & Analysis

Graham Holdings Company (NYSE: GHC) has announced a virtual Investor Day scheduled for Tuesday, December 10, 2024, from 1:00 p.m. to 2:30 p.m. ET. The event will feature a live webcast including audio and presentation slides, focusing on the company's operations and financials, along with a presentation from the management team. Registration is required through the company's website. An archived recording will be available after the event for those unable to attend live.

Graham Holdings Company (NYSE: GHC) reported strong Q3 2024 financial results with revenue increasing 9% to $1,207.2 million from $1,111.5 million in Q3 2023. The company posted operating income of $81.6 million, compared to a loss of $57.1 million in Q3 2023. Net income reached $72.5 million ($16.42 per share). Growth was driven by improvements in education, television broadcasting, healthcare, and automotive sectors. Adjusted operating cash flow increased to $126.1 million from $83.7 million year-over-year. The company maintains a strong financial position with $1,114.0 million in cash and investments.

Syracuse University College of Law has partnered with Kaplan to provide free comprehensive bar exam preparation courses to all graduating students through Kaplan's award-winning All Access License. Starting with the Class of 2025, students will receive comprehensive academic support services from orientation through graduation, including integrated curriculum, diagnostics, and assessments. This initiative aims to enhance student preparation for the bar exam and improve academic support efforts. Syracuse Law joins other institutions like Xavier University of Louisiana, Howard University, and Delaware State University in adopting Kaplan's All Access program, which was recognized with Fast Company's World Changing Ideas Award in the large business category.

Kaplan has been named a winner in Inc.'s 2024 Power Partner Awards, recognizing leading B2B organizations that help businesses grow. The award acknowledges Kaplan's role as a global educational services provider, particularly its success in supporting businesses and educational institutions through professional development and educational programs.

Key partnership offerings include the Kaplan All Access License for colleges and universities, education-as-benefit programs for employee advancement, and career coaching services. The selection process included evaluation of partner feedback, highlighting successful collaboration and mutual satisfaction. This recognition positions Kaplan among elite companies in various sectors including marketing, health, financial services, and education.

Osmium Partners, the second-largest shareholder of Articore (ASX:ATG), has issued a letter urging shareholders to vote for its four director nominees at the upcoming Annual Meeting on October 24, 2024. Osmium criticizes Articore's board for:

1. Persistent underperformance and share price decline
2. Multiple CEO changes and strategic misfires
3. Declining revenue for three years
4. Underperforming the ASX200 by ~100% since 2019

Osmium highlights its successful campaign with Leaf Group (NASDAQ: LEAF), which resulted in an acquisition at 1.4x EV/Sales. They argue that Articore's current 0.17x EV/Sales valuation is among the lowest for digital marketplaces, citing poor board decisions. Osmium plans to release a strategy to maximize shareholder value and urges votes for its nominees on Resolutions 4, 10, 11, and 12.

Kaplan's 2024 law school admissions officers survey reveals that most law schools lack official policies on using AI in admissions essays. Key findings include:

• Only 1% allow AI for essay writing, 45% prohibit it, and 54% have no policy
• 16% allow AI for brainstorming, 16% ban it, and 68% have no policy
• 15% allow AI for feedback, 15% prohibit it, and 70% have no policy

Admissions officers express concerns about AI diminishing applicants' voices and authenticity. Amit Schlesinger, Kaplan's executive director of legal programs, suggests that clear policies are needed to provide guidance and ensure a level playing field for applicants.

Kaplan, a global educational services provider, has been named to Newsweek's Most Loved Workplaces list for 2024, ranking 68th among the top 200 companies. This marks Kaplan's fourth consecutive year on the list, highlighting its consistent dedication to employee satisfaction. The company also received new honors for Volunteering and Wellness.

Key factors contributing to Kaplan's recognition include:

• Community building through virtual events and volunteer initiatives
• Learning and development programs like the Develop U Virtual Conference
• Employee recognition through various awards and programs

The list was compiled after surveying over 2.6 million employees from businesses of various sizes, recognizing companies that prioritize respect, caring, and appreciation for their workforce.

Kaplan's latest survey of over 200 college admissions officers reveals that 75% believe college rankings have lost prestige in recent years, up from 56% in 2023. This comes as U.S. News & World Report releases its 2025 rankings and some top institutions consider withdrawing participation. 13% of schools are considering or definitely dropping out of rankings.

Admissions officers express concerns about rankings' methodology, accuracy, and influence on the admissions process. They suggest that rankings shouldn't be the main factor for students choosing schools and that U.S. News should clarify that lower-ranked schools aren't necessarily bad.

Kaplan advises students to consider multiple factors when choosing schools, including financial aid, campus visits, and discussions with current students, alumni, and faculty, rather than relying solely on rankings.

The College for Financial Planning®—a Kaplan Company has launched Accredited Investment Fiduciary® (AIF®) Training for financial professionals pursuing the AIF® designation. Fi360, a Broadridge Company, has named the College an official education provider for the AIF® exam training requirement. U.S. News & World Report ranks the AIF® designation as one of the best financial certifications.

The AIF® designation ensures that those managing or advising on investor assets understand fiduciary duties, standards of conduct, and the process for carrying out fiduciary responsibilities. The College's president, Dirk Pantone, emphasized their commitment to empowering students to make a difference in clients' lives and thrive in their careers through this training.

John Faustino, head of Broadridge's Fi360, expressed enthusiasm about the College becoming an official education provider, highlighting the AIF®'s credibility and relatively low time commitment as advantages for financial professionals.