Pearson (NYSE:PSO) Sets New 52-Week High – Here’s What Happened

Pearson, PLC (NYSE:PSO)’s stock price reached a new 52-week high on Monday . The company traded as high as $16.74 and last traded at $16.4420, with a volume of 836774 shares changing hands. The stock had previously closed at $16.71.

Analyst Ratings Changes

Several equities analysts recently commented on PSO shares. Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Pearson Stock Performance

The firm has a 50-day simple moving average of $15.16 and a 200 day simple moving average of $13.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94.

Institutional Trading of Pearson

A number of hedge funds have recently made changes to their positions in PSO. CIBC Private Wealth Group LLC increased its position in shares of Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 1,590 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Pearson in the fourth quarter valued at about $35,000. Farther Finance Advisors LLC raised its position in shares of Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after acquiring an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pearson in the 4th quarter worth about $42,000. Finally, Royal Bank of Canada grew its holdings in shares of Pearson by 86.5% during the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after purchasing an additional 2,604 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.