Arrowstreet Capital Limited Partnership Has $10.46 Million Stock Holdings in Pearson, PLC $PSO

Arrowstreet Capital Limited Partnership reduced its holdings in Pearson, PLC (NYSE:PSO) by 15.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 700,902 shares of the company’s stock after selling 125,401 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Pearson were worth $10,464,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PSO. First Horizon Advisors Inc. grew its stake in shares of Pearson by 3,131.8% in the second quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock worth $32,000 after purchasing an additional 2,067 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Pearson by 308.3% in the first quarter. Brooklyn Investment Group now owns 2,356 shares of the company’s stock valued at $38,000 after buying an additional 1,779 shares during the period. TD Private Client Wealth LLC raised 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 acquiring an additional 1,859 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Pearson in the second quarter worth approximately $64,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Pearson in the second quarter worth approximately $70,000. Institutional investors own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PSO. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings cut shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, December 2nd. Finally, Morgan Stanley initiated coverage on shares of Pearson in a report on Monday, October 20th. They issued an “equal weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Pearson Trading Up 1.8%

Pearson stock opened at $13.29 on Wednesday. Pearson, PLC has a 12-month low of $12.85 and a 12-month high of $17.90. The firm’s fifty day moving average is $13.75 and its 200 day moving average is $14.30. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40.

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.