Pearson (NYSE:PSO) Lowered to “Hold” Rating by StockNews.com

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

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

Pearson Trading Down 0.5 %

Shares of Pearson stock traded down $0.08 during trading hours on Friday, hitting $15.02. 266,884 shares of the company’s stock traded hands, compared to its average volume of 368,202. Pearson has a twelve month low of $11.64 and a twelve month high of $15.65. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $13.19.

Hedge Funds Weigh In On Pearson

A number of hedge funds have recently bought and sold shares of PSO. EverSource Wealth Advisors LLC lifted its holdings in Pearson by 88.7% during the 1st 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 lifted its stake in Pearson by 43.2% during the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $35,000 after purchasing an additional 839 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Pearson in the 1st quarter valued at about $42,000. Allspring Global Investments Holdings LLC raised its stake in Pearson by 86.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after acquiring an additional 1,462 shares during the period. Finally, CWM LLC lifted its holdings in Pearson by 22.5% in the second quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $58,000 after acquiring an additional 855 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company 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.