StockNews.com Upgrades Pearson (NYSE:PSO) to Buy

Pearson (NYSE:PSO) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

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

Pearson Stock Up 0.5 %

Pearson stock traded up $0.08 during mid-day trading on Thursday, hitting $15.35. The company’s stock had a trading volume of 426,111 shares, compared to its average volume of 369,428. 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 twelve month low of $11.64 and a twelve month high of $15.45. The stock’s fifty day moving average price is $13.83 and its two-hundred day moving average price is $13.09.

Hedge Funds Weigh In On Pearson

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSO. EverSource Wealth Advisors LLC grew its position in Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares in the last quarter. GAMMA Investing LLC grew its position in 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 in the last quarter. SageView Advisory Group LLC purchased a new position in Pearson during the 1st quarter worth approximately $42,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Pearson by 86.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after buying an additional 1,462 shares during the period. Finally, CWM LLC boosted its stake in shares of Pearson by 22.5% during 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 during the period. 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.