Pearson, PLC $PSO Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in shares of Pearson, PLC (NYSE:PSO) by 73.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,888 shares of the company’s stock after selling 64,303 shares during the quarter. XTX Topco Ltd’s holdings in Pearson were worth $342,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PSO. Coldstream Capital Management Inc. lifted its position in Pearson by 245.5% during the second quarter. Coldstream Capital Management Inc. now owns 23,895 shares of the company’s stock worth $357,000 after buying an additional 16,978 shares during the period. American Century Companies Inc. increased its stake in shares of Pearson by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 71,990 shares of the company’s stock valued at $1,075,000 after acquiring an additional 5,169 shares during the last quarter. AlphaCore Capital LLC purchased a new position in Pearson during the second quarter worth approximately $70,000. JPMorgan Chase & Co. boosted its holdings in shares of Pearson by 672.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company’s stock valued at $3,906,000 after purchasing an additional 227,725 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Pearson by 15.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 25,001 shares of the company’s stock valued at $373,000 after buying an additional 3,390 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PSO. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Morgan Stanley assumed coverage on Pearson in a research note on Monday, October 20th. They issued an “equal weight” rating on the stock. Finally, Weiss Ratings downgraded shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Pearson Trading Down 0.6%

Shares of PSO opened at $13.19 on Friday. Pearson, PLC has a 12 month low of $12.85 and a 12 month high of $17.90. The stock’s 50-day moving average is $13.79 and its two-hundred day moving average is $14.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31.

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.