Pearson (NYSE:PSO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
PSO has been the topic of several other research reports. Deutsche Bank cut shares of Pearson from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BNP Paribas raised shares of Pearson from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Pearson has a consensus rating of “Hold” and an average target price of $11.00.
Institutional investors have recently made changes to their positions in the business. Checchi Capital Advisers LLC increased its stake in Pearson by 9.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,249 shares of the company’s stock valued at $107,000 after purchasing an additional 724 shares during the last quarter. Cutler Group LP increased its stake in Pearson by 78.7% in the first quarter. Cutler Group LP now owns 10,034 shares of the company’s stock valued at $125,000 after purchasing an additional 4,418 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Pearson in the fourth quarter valued at approximately $105,000. Stevens Capital Management LP purchased a new position in Pearson in the third quarter valued at approximately $104,000. Finally, Bellecapital International Ltd. purchased a new position in Pearson in the second quarter valued at approximately $146,000. Institutional investors own 1.39% of the company’s stock.
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Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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