Pearson PLC’s (PSO) “Sell” Rating Reiterated at Goldman Sachs Group Inc.
Pearson PLC (NYSE:PSO)‘s stock had its “sell” rating reaffirmed by equities researchers at Goldman Sachs Group Inc. in a research note issued to investors on Wednesday.
PSO has been the topic of several other research reports. BNP Paribas downgraded shares of Pearson PLC from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 22nd. Morgan Stanley raised shares of Pearson PLC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 12th. Societe Generale downgraded shares of Pearson PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson PLC in a research note on Tuesday, June 21st. Finally, Zacks Investment Research raised shares of Pearson PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
Pearson PLC (NYSE:PSO) opened at 9.17 on Wednesday. The firm has a market cap of $7.47 billion, a P/E ratio of 8.63 and a beta of 0.34. The company’s 50 day moving average is $10.27 and its 200-day moving average is $11.55. Pearson PLC has a 52 week low of $9.06 and a 52 week high of $15.60.
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The company also recently disclosed a dividend, which was paid on Wednesday, September 21st. Stockholders of record on Friday, August 19th were paid a $0.238 dividend. The ex-dividend date was Wednesday, August 17th.
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Pearson PLC by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,712,053 shares of the company’s stock worth $35,230,000 after buying an additional 329,907 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Pearson PLC during the second quarter worth $3,451,000. Jane Street Group LLC boosted its stake in shares of Pearson PLC by 13.2% in the second quarter. Jane Street Group LLC now owns 1,897,017 shares of the company’s stock worth $24,642,000 after buying an additional 220,969 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Pearson PLC by 351.1% in the first quarter. Goldman Sachs Group Inc. now owns 201,286 shares of the company’s stock worth $2,524,000 after buying an additional 156,669 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Pearson PLC by 8.1% in the first quarter. Renaissance Technologies LLC now owns 1,800,300 shares of the company’s stock worth $22,576,000 after buying an additional 134,900 shares during the last quarter. Institutional investors and hedge funds own 2.07% of the company’s stock.
About Pearson PLC
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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