Leuthold Group LLC Purchases 29,836 Shares of Pearson, PLC $PSO

Leuthold Group LLC boosted its holdings in Pearson, PLC (NYSE:PSO) by 64.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,058 shares of the company’s stock after buying an additional 29,836 shares during the period. Leuthold Group LLC’s holdings in Pearson were worth $1,221,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Pearson by 86.5% in the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after purchasing an additional 2,604 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Pearson by 44.3% during the second quarter. GAMMA Investing LLC now owns 8,880 shares of the company’s stock valued at $141,000 after buying an additional 2,727 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Pearson by 6.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,443 shares of the company’s stock worth $184,000 after buying an additional 742 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Pearson in the 1st quarter worth about $154,000. Finally, Transmarket Holdings LP purchased a new position in Pearson in the 3rd quarter worth about $206,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Price Performance

Pearson stock opened at $17.27 on Wednesday. The business has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $15.21. Pearson, PLC has a 52-week low of $12.02 and a 52-week high of $18.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.00.

Analyst Ratings Changes

PSO has been the topic of several research analyst reports. Wall Street Zen cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. JPMorgan Chase & Co. lowered shares of Pearson from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 14th. Kepler Capital Markets cut shares of Pearson from a “hold” rating to a “strong sell” rating in a report on Monday, September 7th. Weiss Ratings upgraded shares of Pearson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Finally, The Goldman Sachs Group cut shares of Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Pearson Company Profile

Pearson plc is a global education company that develops and delivers learning materials, assessments, qualifications and digital education services. Its offerings include digital courseware and textbooks for higher education, online learning programs, English-language instruction, professional training and workforce-skills development. The company also provides assessment and qualification services for schools, governments, employers and professional organizations. Its products and services are used by learners and institutions in markets around the world.