Jane Street Group LLC Decreases Stock Position in Pearson plc (NYSE:PSO)

Jane Street Group LLC decreased its holdings in Pearson plc (NYSE:PSO) by 69.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,073 shares of the company’s stock after selling 52,311 shares during the period. Jane Street Group LLC’s holdings in Pearson were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PSO. Allspring Global Investments Holdings LLC increased its position in shares of 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 during the period. EverSource Wealth Advisors LLC grew its stake in Pearson by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $61,000 after purchasing an additional 2,096 shares in the last quarter. GAMMA Investing LLC increased its holdings in Pearson by 78.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,968 shares of the company’s stock worth $67,000 after purchasing an additional 2,186 shares during the period. Rhumbline Advisers raised its position in Pearson by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 11,518 shares of the company’s stock valued at $144,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Pearson in the 3rd quarter worth $146,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Price Performance

Shares of NYSE PSO opened at $16.09 on Friday. Pearson plc has a fifty-two week low of $11.69 and a fifty-two week high of $16.43. The company has a market cap of $10.72 billion, a PE ratio of 18.28, a P/E/G ratio of 2.75 and a beta of 0.41. 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 business has a 50-day simple moving average of $15.71 and a two-hundred day simple moving average of $14.20.

Analysts Set New Price Targets

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

About Pearson

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.