Pearson (NYSE:PSO) Hits New 52-Week High – What’s Next?

Pearson plc (NYSE:PSO)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.30 and last traded at $16.30, with a volume of 10501 shares traded. The stock had previously closed at $16.02.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Trading Up 0.9 %

The stock has a market capitalization of $10.77 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.75 and a beta of 0.41. The stock’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $14.15. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Institutional Trading of Pearson

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in Pearson by 68.4% during the 2nd 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. Bank of Montreal Can increased its holdings in shares of Pearson by 31.6% during the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after acquiring an additional 97,443 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Pearson by 64.9% in the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after purchasing an additional 122,054 shares during the last quarter. Millennium Management LLC boosted its stake in Pearson by 66.3% in the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after purchasing an additional 118,822 shares in the last quarter. Finally, FMR LLC grew its position in Pearson by 20.7% during the 3rd quarter. FMR LLC now owns 275,310 shares of the company’s stock valued at $3,736,000 after purchasing an additional 47,296 shares during the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

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.