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 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 equities research analysts recently issued reports on PSO shares. Zacks Investment Research raised Pearson PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Beaufort Securities reissued a “buy” rating on shares of Pearson PLC in a research note on Thursday, May 5th. Citigroup Inc. reissued a “buy” rating on shares of Pearson PLC in a research note on Saturday, May 14th. Deutsche Bank AG reissued a “sell” rating on shares of Pearson PLC in a research note on Friday, May 20th. Finally, Jefferies Group reissued a “buy” rating on shares of Pearson PLC in a research note on Wednesday, May 25th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold”.
The company has a market cap of $10.01 billion and a PE ratio of 9.19. The company has a 50-day moving average of $12.18 and a 200-day moving average of $11.69.
A number of hedge funds and institutional investors have recently modified their holdings of PSO. Stevens Capital Management LP purchased a new position in shares of Pearson PLC during the fourth quarter valued at $1,057,000. Dimensional Fund Advisors LP increased its position in 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. increased its position in 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.