Pearson (NYSE:PSO) Sets New 1-Year High – Here’s What Happened

Pearson plc (NYSE:PSO)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $15.66 and last traded at $15.65, with a volume of 39807 shares traded. The stock had previously closed at $15.49.

Analyst Upgrades and Downgrades

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

Pearson Stock Performance

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 firm has a 50 day moving average price of $14.20 and a 200-day moving average price of $13.36.

Institutional Trading of Pearson

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after buying an additional 1,138 shares during the last quarter. GAMMA Investing LLC increased its holdings in Pearson by 43.2% in the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after buying an additional 839 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Pearson by 86.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after buying an additional 1,462 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Pearson in the third quarter valued at $47,000. Finally, CWM LLC increased its holdings in Pearson by 22.5% in the second quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after buying 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.