Pearson (NYSE:PSO) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a report issued on Thursday.

Separately, Citigroup upgraded Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Stock Up 1.1 %

Pearson stock opened at $15.52 on Thursday. The firm has a 50 day simple moving average of $13.87 and a 200 day simple moving average of $13.11. Pearson has a 1-year low of $11.64 and a 1-year high of $15.54. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Pearson

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Pearson by 88.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 839 shares during the period. SageView Advisory Group LLC purchased a new position in Pearson during the first quarter worth about $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 acquiring an additional 1,462 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Pearson by 22.5% in the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after acquiring an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

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.