Pearson (NYSE:PSO) Sets New 1-Year High – Here’s What Happened

Pearson, PLC (NYSE:PSO)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $17.72 and last traded at $17.7070, with a volume of 70332 shares traded. The stock had previously closed at $17.44.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen lowered Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Pearson Price Performance

The company’s 50 day moving average price is $15.92 and its 200-day moving average price is $14.31. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Pearson

A number of institutional investors have recently added to or reduced their stakes in PSO. AQR Capital Management LLC lifted its position in shares of Pearson by 16.2% during the 1st quarter. AQR Capital Management LLC now owns 71,670 shares of the company’s stock worth $1,147,000 after buying an additional 9,977 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Pearson in the 1st quarter worth approximately $11,546,000. NewEdge Advisors LLC grew its holdings in shares of Pearson by 10,532.1% in the first quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock valued at $414,000 after acquiring an additional 25,593 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Pearson by 2.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock valued at $34,336,000 after acquiring an additional 44,349 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Pearson by 672.2% during the second quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company’s stock valued at $3,906,000 after acquiring an additional 227,725 shares during the last quarter. 2.14% of the stock is owned by 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.