Pearson (NYSE:PSO) Upgraded at StockNews.com

StockNews.com upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a research report report published on Thursday.

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

Pearson Stock Up 1.1 %

Pearson stock opened at $15.52 on Thursday. Pearson has a fifty-two week low of $11.64 and a fifty-two week high of $15.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The firm’s 50-day simple moving average is $13.87 and its 200 day simple moving average is $13.12.

Hedge Funds Weigh In On Pearson

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in Pearson in the second quarter valued at about $3,849,000. Renaissance Technologies LLC raised its holdings in shares of Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after purchasing an additional 171,220 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Pearson by 64.9% in the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after purchasing an additional 122,054 shares during the period. Millennium Management LLC lifted its stake in Pearson by 66.3% in the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after purchasing an additional 118,822 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Pearson during the second quarter valued at $1,447,000. 2.14% of the stock is 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.