Pearson, PLC (NYSE:PSO) Receives Consensus Rating of “Hold” from Brokerages

Pearson, PLC (NYSE:PSO) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th.

Pearson Price Performance

NYSE:PSO opened at $15.54 on Friday. Pearson has a 1-year low of $12.02 and a 1-year high of $15.64. The company has a 50-day moving average of $15.00 and a 200 day moving average of $13.85. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

Institutional Trading of Pearson

Hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in Pearson by 34.4% in the fourth quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock worth $55,759,000 after purchasing an additional 1,015,739 shares in the last quarter. Millennium Management LLC bought a new position in Pearson in the first quarter worth about $11,546,000. Arrowstreet Capital Limited Partnership raised its holdings in Pearson by 72.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock worth $21,605,000 after purchasing an additional 691,339 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Pearson by 1,072.4% in the second quarter. Qube Research & Technologies Ltd now owns 605,707 shares of the company’s stock worth $9,043,000 after purchasing an additional 554,044 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Pearson in the fourth quarter worth about $6,515,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

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.