Entropy Technologies LP Buys New Holdings in Pearson, PLC $PSO

Entropy Technologies LP bought a new position in Pearson, PLC (NYSE:PSO) in the 1st quarter, HoldingsChannel.com reports. The firm bought 31,351 shares of the company’s stock, valued at approximately $412,000.

Other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its stake 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. Goldman Sachs Group Inc. boosted its position 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 acquiring an additional 266,782 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 during the period. Invesco Ltd. increased its stake in Pearson by 32.1% in the fourth quarter. Invesco Ltd. now owns 1,122,325 shares of the company’s stock valued at $15,757,000 after acquiring an additional 272,995 shares during the period. Finally, Millennium Management LLC acquired a new position in Pearson in the first quarter worth about $11,546,000. Institutional investors and hedge funds own 2.14% of the company’s stock.

Pearson Trading Down 1.1%

PSO opened at $17.44 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $15.92 and its 200-day simple moving average is $14.31. Pearson, PLC has a twelve month low of $12.02 and a twelve month high of $17.75.

Analysts Set New Price Targets

A number of brokerages have commented on PSO. Wall Street Zen cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Pearson has an average rating of “Hold”.

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.