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

Pearson plc (NYSE:PSO)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $15.73 and last traded at $15.72, with a volume of 22572 shares traded. The stock had previously closed at $15.68.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pearson Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The business has a 50-day moving average price of $14.37 and a 200 day moving average price of $13.45.

Hedge Funds Weigh In On Pearson

A number of institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Pearson during the 3rd quarter valued at $47,000. Orion Portfolio Solutions LLC boosted its position in Pearson by 50.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,595 shares of the company’s stock worth $646,000 after acquiring an additional 16,049 shares during the period. Quantinno Capital Management LP grew its stake in Pearson by 16.3% during the 3rd quarter. Quantinno Capital Management LP now owns 145,744 shares of the company’s stock valued at $1,978,000 after acquiring an additional 20,461 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Pearson in the 3rd quarter valued at about $628,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Pearson by 55.8% during the third quarter. Rockefeller Capital Management L.P. now owns 172,190 shares of the company’s stock worth $2,337,000 after purchasing an additional 61,666 shares during the period. Hedge funds and other institutional investors 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.