Barometer Capital Management Inc. Boosts Stake in Pearson, PLC $PSO

Barometer Capital Management Inc. lifted its holdings in Pearson, PLC (NYSE:PSO) by 545.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,600 shares of the company’s stock after buying an additional 54,589 shares during the period. Barometer Capital Management Inc.’s holdings in Pearson were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PSO. AQR Capital Management LLC lifted its stake in shares of Pearson by 16.2% in the first quarter. AQR Capital Management LLC now owns 71,670 shares of the company’s stock worth $1,147,000 after buying an additional 9,977 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Pearson in the first quarter worth about $11,546,000. NewEdge Advisors LLC lifted its stake in shares of Pearson by 10,532.1% in the first quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock worth $414,000 after buying an additional 25,593 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Pearson by 2.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock worth $34,336,000 after buying an additional 44,349 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Pearson by 672.2% in the second quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company’s stock worth $3,906,000 after buying an additional 227,725 shares in the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Down 0.0%

Shares of PSO stock opened at $15.34 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $14.64 and its two-hundred day moving average is $13.70. Pearson, PLC has a 12 month low of $12.02 and a 12 month high of $15.64.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.