Pearson (NYSE:PSO) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a research note released on Monday morning.

Separately, Citigroup upgraded shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Price Performance

NYSE:PSO opened at $14.66 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. Pearson has a 1-year low of $11.51 and a 1-year high of $14.77. The firm’s fifty day moving average price is $13.65 and its 200 day moving average price is $12.97.

Institutional Trading of Pearson

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after acquiring an additional 1,138 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Pearson by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $35,000 after purchasing an additional 839 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Pearson by 86.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after purchasing an additional 1,462 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Pearson in the first quarter valued at about $42,000. Finally, CWM LLC boosted its holdings in Pearson by 22.5% during the second quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $58,000 after buying an additional 855 shares in the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.