Pearson (NYSE:PSO) Sees Unusually-High Trading Volume – Here’s Why

Pearson plc (NYSE:PSO) saw strong trading volume on Tuesday . 1,033,990 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 546,783 shares.The stock last traded at $15.76 and had previously closed at $15.45.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Stock Performance

The stock has a market capitalization of $10.49 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.41. The stock has a fifty day moving average of $15.74 and a 200-day moving average of $14.27. 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 Trading of Pearson

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in Pearson by 68.4% in the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after buying an additional 171,220 shares in the last quarter. Marshall Wace LLP acquired a new position in Pearson in the 2nd quarter valued at about $1,447,000. Bank of Montreal Can increased its position in Pearson by 31.6% in the 3rd quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after acquiring an additional 97,443 shares during the period. Crossmark Global Holdings Inc. increased its position in Pearson by 61.1% in 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. Finally, Millennium Management LLC increased its position in Pearson by 66.3% in 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. 2.14% of the stock is currently owned by institutional investors and hedge funds.

About Pearson

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.