Pearson (NYSE:PSO) Hits New 52-Week High – Time to Buy?

Pearson plc (NYSE:PSO)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.55 and last traded at $15.55, with a volume of 3145 shares trading hands. The stock had previously closed at $15.52.

Analyst Ratings Changes

PSO has been the topic of several recent analyst reports. Citigroup raised Pearson to a “strong-buy” rating in a report on Tuesday, July 30th. StockNews.com raised Pearson from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

Pearson Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The stock’s fifty day simple moving average is $13.90 and its two-hundred day simple moving average is $13.14.

Institutional Trading of Pearson

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in shares of Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after acquiring an additional 1,138 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Pearson by 43.2% during the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after purchasing an additional 839 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Pearson in the 1st quarter valued at $42,000. Allspring Global Investments Holdings LLC increased its stake in Pearson by 86.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after purchasing an additional 1,462 shares in the last quarter. Finally, CWM LLC raised its holdings in Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $58,000 after buying an additional 855 shares during the period. 2.14% of the stock is currently owned by institutional investors.

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.