Pearson (NYSE:PSO) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a report issued on Friday morning.

Separately, Citigroup upgraded shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Trading Up 1.5 %

Shares of NYSE PSO opened at $15.25 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. Pearson has a 52-week low of $11.64 and a 52-week high of $15.65. The stock’s 50 day moving average price is $13.99 and its two-hundred day moving average price is $13.22.

Institutional Trading of Pearson

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after buying an additional 1,138 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Pearson by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after acquiring an additional 839 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Pearson by 86.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after buying an additional 1,462 shares during the last quarter. SageView Advisory Group LLC bought a new stake in Pearson during the first quarter valued at about $42,000. Finally, CWM LLC boosted its stake in Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after purchasing an additional 855 shares during the period. Institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.