Savant Capital LLC Acquires 5,608 Shares of Pearson, PLC $PSO

Savant Capital LLC increased its stake in Pearson, PLC (NYSE:PSO) by 46.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,608 shares of the company’s stock after purchasing an additional 5,608 shares during the quarter. Savant Capital LLC’s holdings in Pearson were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in Pearson by 3,131.8% in the second quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock worth $32,000 after buying an additional 2,067 shares in the last quarter. Bank of Montreal Can purchased a new stake in Pearson in the 2nd quarter worth approximately $159,000. AdvisorShares Investments LLC raised its stake in Pearson by 18.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 54,740 shares of the company’s stock worth $817,000 after acquiring an additional 8,471 shares during the period. Atria Investments Inc lifted its holdings in Pearson by 62.0% during the second quarter. Atria Investments Inc now owns 52,557 shares of the company’s stock valued at $785,000 after purchasing an additional 20,118 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Pearson by 68.2% in the second quarter. Assetmark Inc. now owns 10,432 shares of the company’s stock worth $156,000 after purchasing an additional 4,230 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PSO has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Pearson in a report on Wednesday, October 8th. Morgan Stanley assumed coverage on Pearson in a research report on Monday, October 20th. They issued an “equal weight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Pearson in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Pearson Stock Performance

Shares of PSO stock opened at $13.17 on Wednesday. The company’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $14.61. Pearson, PLC has a 52 week low of $12.88 and a 52 week high of $17.90. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40.

Pearson Profile

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.