Pearson (NYSE:PSO) Trading Down 6.3% – Should You Sell?

Pearson, PLC (NYSE:PSO) shares traded down 6.3% on Tuesday . The company traded as low as $16.49 and last traded at $16.5020. 1,597,747 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 1,043,154 shares. The stock had previously closed at $17.61.

Analyst Ratings Changes

Several analysts have recently commented on PSO shares. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a report on Tuesday. Finally, Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Pearson presently has an average rating of “Hold”.

Pearson Stock Down 5.3%

The firm has a fifty day moving average of $15.45 and a 200-day moving average of $14.07. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its position in shares of Pearson by 215.5% in the fourth quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock valued at $769,000 after purchasing an additional 37,413 shares during the last quarter. Barometer Capital Management Inc. raised its position in shares of Pearson by 545.3% during the 4th quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock worth $907,000 after purchasing an additional 54,589 shares during the last quarter. Abacus Wealth Partners LLC purchased a new stake in Pearson in the 4th quarter valued at approximately $1,034,000. QRG Capital Management Inc. lifted its stake in Pearson by 30.1% in the 4th quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock valued at $2,202,000 after buying an additional 36,302 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in Pearson during the 1st quarter valued at $517,000. Institutional investors and hedge funds own 2.14% of the company’s stock.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.