JPMorgan Chase & Co. Reaffirms Neutral Rating for Pearson (NYSE:PSO)

Pearson (NYSE:PSO)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Tuesday,Benzinga reports.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pearson currently has a consensus rating of “Hold”.

Pearson Trading Up 4.1%

Shares of NYSE PSO opened at $17.59 on Tuesday. Pearson has a 52-week low of $12.02 and a 52-week high of $17.66. The stock has a 50 day moving average price of $15.45 and a 200 day moving average price of $14.07. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39.

Institutional Trading of Pearson

Hedge funds have recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Pearson by 34.4% in the 4th quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock valued at $55,759,000 after buying an additional 1,015,739 shares in the last quarter. Millennium Management LLC purchased a new stake in Pearson during the first quarter valued at approximately $11,546,000. Arrowstreet Capital Limited Partnership boosted its stake in Pearson by 72.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock valued at $21,605,000 after acquiring an additional 691,339 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Pearson by 1,072.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 605,707 shares of the company’s stock valued at $9,043,000 after purchasing an additional 554,044 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Pearson during the 4th quarter worth $6,515,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.