ABC Arbitrage SA Acquires Shares of 296,512 Pearson plc (NYSE:PSO)

ABC Arbitrage SA purchased a new position in shares of Pearson plc (NYSE:PSO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 296,512 shares of the company’s stock, valued at approximately $4,780,000.

A number of other hedge funds also recently made changes to their positions in PSO. Bank of Montreal Can lifted its position in shares of Pearson by 31.6% during the 3rd quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after buying an additional 97,443 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Pearson by 61.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after buying an additional 58,136 shares in the last quarter. FMR LLC raised its holdings in Pearson by 20.7% during the 3rd quarter. FMR LLC now owns 275,310 shares of the company’s stock valued at $3,736,000 after acquiring an additional 47,296 shares during the period. Point72 Asset Management L.P. purchased a new stake in Pearson during the 3rd quarter worth about $628,000. Finally, Signaturefd LLC lifted its holdings in shares of Pearson by 12.9% in the third quarter. Signaturefd LLC now owns 16,934 shares of the company’s stock worth $230,000 after buying an additional 1,939 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSO. The Goldman Sachs Group upgraded Pearson to a “strong-buy” rating in a research report on Thursday, January 30th. StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Trading Up 0.5 %

Shares of Pearson stock opened at $16.94 on Friday. The company’s fifty day simple moving average is $16.14 and its two-hundred day simple moving average is $14.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. Pearson plc has a 12-month low of $11.78 and a 12-month high of $17.08.

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.