Pearson (NYSE:PSO) Sets New 12-Month High – Here’s Why

Pearson, PLC (NYSE:PSO)’s stock price reached a new 52-week high on Monday . The stock traded as high as $15.66 and last traded at $15.72, with a volume of 1000 shares trading hands. The stock had previously closed at $15.54.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSO. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Pearson Stock Performance

The firm’s fifty day moving average is $15.04 and its 200-day moving average is $13.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94.

Institutional Investors Weigh In On Pearson

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its position in shares of Pearson by 952.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 1,590 shares during the period. Kestra Advisory Services LLC purchased a new stake in Pearson in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its stake in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pearson during the fourth quarter worth $42,000. Finally, Royal Bank of Canada boosted its position in shares of Pearson by 86.5% during the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after buying an additional 2,604 shares during the period. 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.