Pearson (NYSE:PSO) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a research note released on Friday morning.

Separately, Citigroup raised Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

Pearson Price Performance

NYSE:PSO traded down $0.08 during mid-day trading on Friday, hitting $15.02. The stock had a trading volume of 266,884 shares, compared to its average volume of 368,202. Pearson has a 52 week low of $11.64 and a 52 week high of $15.65. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $13.19.

Institutional Investors Weigh In On Pearson

Several institutional investors have recently bought and sold shares of PSO. EverSource Wealth Advisors LLC increased its stake in Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after buying an additional 1,138 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Pearson by 43.2% in the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after acquiring an additional 839 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Pearson by 86.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after acquiring an additional 1,462 shares during the period. SageView Advisory Group LLC acquired a new position in shares of Pearson during the first quarter valued at approximately $42,000. Finally, CWM LLC raised its holdings in Pearson by 22.5% during the second quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $58,000 after purchasing an additional 855 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

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.