Pearson (NYSE:PSO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a research note published on Sunday,Wall Street Zen reports.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson in a research report on Tuesday, July 14th. The Goldman Sachs Group cut shares of Pearson from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pearson in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Pearson in a research report on Monday, August 3rd. Finally, Citigroup cut shares of Pearson from a “buy” rating to a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Pearson Price Performance

Pearson stock opened at $15.98 on Friday. Pearson has a 52 week low of $12.02 and a 52 week high of $17.75. The business has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $14.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.00.

Pearson Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, August 14th will be issued a $0.1103 dividend. This represents a dividend yield of 137.0%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Pearson

A number of large investors have recently modified their holdings of the company. Syon Capital LLC lifted its position in Pearson by 14.8% in the 2nd quarter. Syon Capital LLC now owns 28,322 shares of the company’s stock worth $450,000 after buying an additional 3,654 shares during the last quarter. GAMMA Investing LLC grew its position in 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 acquiring an additional 2,727 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Pearson by 77.9% during the second quarter. Versant Capital Management Inc now owns 21,176 shares of the company’s stock worth $336,000 after acquiring an additional 9,275 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Pearson by 30.0% during the first quarter. EverSource Wealth Advisors LLC now owns 13,350 shares of the company’s stock worth $175,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Pearson by 86.5% in the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after acquiring an additional 2,604 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

About Pearson

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.