Pearson, PLC (NYSE:PSO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Pearson, PLC (NYSE:PSO) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research firms recently weighed in on PSO. Wall Street Zen downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th.

Hedge Funds Weigh In On Pearson

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of Pearson by 34.4% in the fourth quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock worth $55,759,000 after purchasing an additional 1,015,739 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Pearson by 13.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,250,970 shares of the company’s stock valued at $31,604,000 after buying an additional 266,782 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Pearson by 72.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock valued at $21,605,000 after buying an additional 691,339 shares in the last quarter. Invesco Ltd. boosted its holdings in Pearson by 32.1% in the 4th quarter. Invesco Ltd. now owns 1,122,325 shares of the company’s stock worth $15,757,000 after buying an additional 272,995 shares during the period. Finally, Millennium Management LLC purchased a new stake in Pearson in the 1st quarter worth $11,546,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Pearson Stock Performance

Shares of PSO stock opened at $16.45 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. Pearson has a 1 year low of $12.02 and a 1 year high of $17.66. The firm has a fifty day moving average price of $15.66 and a 200-day moving average price of $14.17.

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.