Townsquare Capital LLC Makes New $195,000 Investment in Pearson plc (NYSE:PSO)

Townsquare Capital LLC acquired a new stake in Pearson plc (NYSE:PSO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,387 shares of the company’s stock, valued at approximately $195,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lester Murray Antman dba SimplyRich lifted its stake in Pearson by 2.5% during the second quarter. Lester Murray Antman dba SimplyRich now owns 32,239 shares of the company’s stock worth $402,000 after purchasing an additional 799 shares during the period. GAMMA Investing LLC lifted its position 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 buying an additional 839 shares during the period. CWM LLC boosted its stake in Pearson by 22.5% in the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after buying an additional 855 shares in the last quarter. Rhumbline Advisers grew its position in Pearson by 12.5% in the second quarter. Rhumbline Advisers now owns 11,518 shares of the company’s stock valued at $144,000 after acquiring an additional 1,281 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Pearson by 86.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after acquiring an additional 1,462 shares in the last quarter. 2.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Stock Performance

NYSE PSO opened at $15.90 on Friday. Pearson plc has a 1-year low of $11.69 and a 1-year high of $15.92. The company has a 50 day moving average of $14.54 and a 200-day moving average of $13.55. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.69 and a beta of 0.41.

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.