ABC Arbitrage SA Decreases Stock Holdings in Pearson, PLC $PSO

ABC Arbitrage SA trimmed its position in shares of Pearson, PLC (NYSE:PSO) by 37.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 225,000 shares of the company’s stock after selling 132,496 shares during the quarter. ABC Arbitrage SA’s holdings in Pearson were worth $2,954,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PSO. CIBC Private Wealth Group LLC grew its stake in shares of Pearson by 952.1% in the third 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 last quarter. Kestra Advisory Services LLC bought a new position in Pearson during the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its position in Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Pearson in the 4th quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Pearson by 31.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company’s stock worth $110,000 after buying an additional 1,874 shares during the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Price Performance

Shares of NYSE PSO opened at $17.59 on Tuesday. Pearson, PLC has a 1 year low of $12.02 and a 1 year high of $17.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The firm has a 50-day moving average of $15.45 and a 200 day moving average of $14.07.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pearson currently has a consensus rating of “Hold”.

About Pearson

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.