Pearson (NYSE:PSO) Hits New 52-Week High – Time to Buy?

Pearson plc (NYSE:PSO)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.55 and last traded at $15.55, with a volume of 3145 shares. The stock had previously closed at $15.52.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PSO. Citigroup raised shares of Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th. StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

Pearson Trading Down 1.0 %

The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business has a 50 day simple moving average of $13.90 and a 200-day simple moving average of $13.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of Pearson by 9,603.7% in the first quarter. Russell Investments Group Ltd. now owns 39,785 shares of the company’s stock valued at $524,000 after purchasing an additional 39,375 shares during the period. Renaissance Technologies LLC increased its position in Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after acquiring an additional 171,220 shares during the period. Marshall Wace LLP bought a new stake in Pearson during the 2nd quarter valued at $1,447,000. Millennium Management LLC grew its stake in shares of Pearson by 66.3% in the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after purchasing an additional 118,822 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Pearson by 88.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after purchasing an additional 1,138 shares during the period. 2.14% of the stock is owned by institutional investors and hedge funds.

About Pearson

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.