Neuberger Berman Group LLC Acquires New Holdings in Pearson, PLC $PSO

Neuberger Berman Group LLC bought a new position in shares of Pearson, PLC (NYSE:PSO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,244 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of Pearson by 3,131.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock worth $32,000 after acquiring an additional 2,067 shares during the last quarter. Brooklyn Investment Group lifted its stake in Pearson by 308.3% during the first quarter. Brooklyn Investment Group now owns 2,356 shares of the company’s stock worth $38,000 after purchasing an additional 1,779 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Pearson by 113.8% during the second quarter. TD Private Client Wealth LLC now owns 3,492 shares of the company’s stock worth $52,000 after buying an additional 1,859 shares during the period. CWM LLC grew its stake in shares of Pearson by 43.6% in the first quarter. CWM LLC now owns 4,140 shares of the company’s stock valued at $66,000 after buying an additional 1,256 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Pearson in the 2nd quarter valued at $64,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PSO. Morgan Stanley began coverage on Pearson in a report on Monday, October 20th. They set an “equal weight” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Pearson in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Pearson in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Pearson Stock Performance

Shares of NYSE:PSO opened at $13.17 on Friday. Pearson, PLC has a fifty-two week low of $12.85 and a fifty-two week high of $17.90. The firm’s 50 day moving average price is $13.87 and its 200 day moving average price is $14.47. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 0.40.

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.