Pearson (NYSE:PSO) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a research report released on Friday.

Separately, Citigroup raised Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

Pearson Stock Performance

Shares of PSO opened at $15.02 on Friday. Pearson has a twelve month low of $11.64 and a twelve month high of $15.65. The stock’s 50 day moving average is $13.99 and its two-hundred day moving average is $13.22. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On Pearson

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of Pearson by 9,603.7% during the 1st quarter. Russell Investments Group Ltd. now owns 39,785 shares of the company’s stock valued at $524,000 after acquiring an additional 39,375 shares during the period. Renaissance Technologies LLC lifted its position in shares of Pearson by 68.4% during the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after acquiring an additional 171,220 shares during the period. Marshall Wace LLP acquired a new stake in shares of Pearson during the 2nd quarter valued at approximately $1,447,000. Millennium Management LLC lifted its position in shares of Pearson by 66.3% during the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after acquiring an additional 118,822 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Pearson by 61.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after acquiring an additional 58,136 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.

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.