StockNews.com Upgrades Pearson (NYSE:PSO) to Buy

by · The Cerbat Gem

Pearson (NYSE:PSO – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

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

View Our Latest Stock Analysis on PSO

Pearson Trading Up 0.5 %

Shares of NYSE PSO traded up $0.08 during midday trading on Thursday, hitting $15.35. The stock had a trading volume of 426,111 shares, compared to its average volume of 369,428. The company has a fifty day moving average price of $13.83 and a 200 day moving average price of $13.09. 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 1-year low of $11.64 and a 1-year high of $15.45.

Institutional Investors Weigh In On Pearson

A number of hedge funds have recently made changes to their positions in PSO. Bank of Montreal Can bought a new stake in shares of Pearson during the second quarter valued at approximately $3,849,000. Renaissance Technologies LLC increased its stake in shares of Pearson by 68.4% during the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after acquiring an additional 171,220 shares during the period. Hsbc Holdings PLC increased its stake in shares of Pearson by 64.9% during the second quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock valued at $3,868,000 after acquiring an additional 122,054 shares during the period. Millennium Management LLC increased its stake in shares of Pearson by 66.3% during the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after acquiring an additional 118,822 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Pearson during the second quarter valued at approximately $1,447,000. Institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

(Get Free Report)

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.

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