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

Pearson plc (NYSE:PSO)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $16.30 and last traded at $16.30, with a volume of 10501 shares changing hands. The stock had previously closed at $16.02.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Price Performance

The company’s 50 day simple moving average is $15.68 and its 200 day simple moving average is $14.19. 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 has a market cap of $10.72 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.75 and a beta of 0.41.

Institutional Investors Weigh In On Pearson

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new stake in Pearson in the 4th quarter valued at $26,000. Allspring Global Investments Holdings LLC grew its position in shares of Pearson by 86.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after acquiring an additional 1,462 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Pearson in the 3rd quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Pearson by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $61,000 after buying an additional 2,096 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Pearson by 78.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,968 shares of the company’s stock worth $67,000 after buying an additional 2,186 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.