Pearson (NYSE:PSO) Reaches New 1-Year High – Still a Buy?

Shares of Pearson, PLC (NYSE:PSO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.66 and last traded at $15.72, with a volume of 1000 shares changing hands. The stock had previously closed at $15.54.

Analyst Ratings Changes

A number of research firms have weighed in on PSO. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Pearson Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $15.00 and its 200-day moving average is $13.86.

Hedge Funds Weigh In On Pearson

Large investors have recently modified their holdings of the business. Paradigm Asset Management Co. LLC purchased a new position in Pearson in the third quarter worth $1,067,000. Hantz Financial Services Inc. lifted its holdings in Pearson by 215.5% in the fourth quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock valued at $769,000 after acquiring an additional 37,413 shares during the period. Barometer Capital Management Inc. grew its stake in shares of Pearson by 545.3% during the 4th quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock worth $907,000 after purchasing an additional 54,589 shares during the period. Abacus Wealth Partners LLC acquired a new position in shares of Pearson during the 4th quarter worth $1,034,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Pearson by 30.1% in the 4th quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock valued at $2,202,000 after purchasing an additional 36,302 shares in the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.