Pearson PLC (PSO) Sees Large Volume Increase
Shares of Pearson PLC (NYSE:PSO) saw unusually-strong trading volume on Thursday . Approximately 573,912 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 534,816 shares.The stock last traded at $12.22 and had previously closed at $12.48.
Several research analysts recently commented on PSO shares. Shore Capital reaffirmed a “hold” rating on shares of Pearson PLC in a report on Tuesday, June 21st. Zacks Investment Research raised shares of Pearson PLC from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Societe Generale downgraded shares of Pearson PLC from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank AG reaffirmed a “sell” rating on shares of Pearson PLC in a report on Friday, May 20th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Pearson PLC in a report on Saturday, May 14th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold”.
The firm’s 50 day moving average is $12.16 and its 200-day moving average is $11.68. The company has a market cap of $9.98 billion and a PE ratio of 9.00.
A number of hedge funds have made changes to their positions in PSO. Stevens Capital Management LP acquired a new stake in shares of Pearson PLC during the fourth quarter valued at about $1,057,000. Dimensional Fund Advisors LP raised its stake in shares of Pearson PLC by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,283,401 shares of the company’s stock valued at $24,615,000 after buying an additional 16,292 shares during the period. Finally, TD Asset Management Inc. raised its stake in shares of Pearson PLC by 10.4% in the fourth quarter. TD Asset Management Inc. now owns 161,780 shares of the company’s stock valued at $1,744,000 after buying an additional 15,228 shares during the period.
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.