Pearson (NYSE:PSO) Reaches New 12-Month High – Here’s Why

Pearson plc (NYSE:PSO) hit a new 52-week high during trading on Tuesday . The company traded as high as $14.29 and last traded at $14.25, with a volume of 9293 shares traded. The stock had previously closed at $13.90.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com cut Pearson from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup upgraded Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th.

Pearson Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The stock has a 50-day simple moving average of $13.63 and a 200-day simple moving average of $12.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PSO. Renaissance Technologies LLC boosted its stake in shares of Pearson by 68.4% during the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after purchasing an additional 171,220 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Pearson by 64.9% during the second quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock valued at $3,868,000 after purchasing an additional 122,054 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Pearson during the second quarter valued at about $3,849,000. Millennium Management LLC boosted its stake in shares of Pearson by 66.3% during the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after purchasing an additional 118,822 shares in the last quarter. Finally, Henry James International Management Inc. boosted its stake in shares of Pearson by 9.8% during the first quarter. Henry James International Management Inc. now owns 296,744 shares of the company’s stock valued at $3,905,000 after purchasing an additional 26,411 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

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.