Pearson (NYSE:PSO) Sees Large Volume Increase – Should You Buy?

Shares of Pearson plc (NYSE:PSO) saw unusually-strong trading volume on Tuesday . Approximately 354,413 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 368,718 shares.The stock last traded at $15.11 and had previously closed at $15.24.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PSO. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Trading Down 1.1 %

The company has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $13.26. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Pearson

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after purchasing an additional 171,220 shares during the last quarter. Bank of Montreal Can grew its position in Pearson by 31.6% during the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock worth $5,536,000 after buying an additional 97,443 shares in the last quarter. Hsbc Holdings PLC increased its stake in 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 raised its holdings in Pearson by 66.3% in the 2nd 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 in the last quarter. Finally, FMR LLC grew its holdings in shares of Pearson by 20.7% during the 3rd quarter. FMR LLC now owns 275,310 shares of the company’s stock worth $3,736,000 after purchasing an additional 47,296 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

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.