Pearson (NYSE:PSO) Reaches New 52-Week High – Here’s Why

Shares of Pearson plc (NYSE:PSO) hit a new 52-week high on Monday . The company traded as high as $14.98 and last traded at $14.98, with a volume of 124188 shares changing hands. The stock had previously closed at $14.88.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th. StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

Pearson Price Performance

The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $9.93 billion, a P/E ratio of 16.98, a P/E/G ratio of 2.53 and a beta of 0.39. The business’s 50 day moving average is $13.71 and its two-hundred day moving average is $13.02.

Institutional Trading of Pearson

Several large investors have recently modified their holdings of PSO. EverSource Wealth Advisors LLC boosted its holdings in Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after acquiring an additional 1,138 shares in the last quarter. GAMMA Investing LLC boosted its position in Pearson by 43.2% in the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $35,000 after purchasing an additional 839 shares during the last quarter. SageView Advisory Group LLC bought a new position in Pearson during the first quarter valued at about $42,000. Allspring Global Investments Holdings LLC increased its stake in shares of Pearson by 86.9% during 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 during the last quarter. Finally, CWM LLC lifted its position in shares of Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after buying an additional 855 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

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.