Pearson (NYSE:PSO) Reaches New 52-Week High – Should You Buy?

Pearson plc (NYSE:PSO)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $17.11 and last traded at $16.94, with a volume of 101 shares traded. The stock had previously closed at $16.94.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Pearson to a “strong-buy” rating in a research note on Thursday, January 30th. StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Stock Performance

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’s fifty day moving average is $16.23 and its 200 day moving average is $14.90.

Institutional Trading of Pearson

Hedge funds and other institutional investors have recently made changes to their positions in the business. ABC Arbitrage SA acquired a new stake in shares of Pearson during the fourth quarter valued at approximately $4,780,000. Northern Trust Corp raised its holdings in shares of Pearson by 69.0% during the fourth quarter. Northern Trust Corp now owns 705,622 shares of the company’s stock valued at $11,375,000 after acquiring an additional 288,114 shares during the period. Optiver Holding B.V. raised its holdings in shares of Pearson by 135.5% during the fourth quarter. Optiver Holding B.V. now owns 495,797 shares of the company’s stock valued at $7,992,000 after acquiring an additional 285,234 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Pearson by 49.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 844,228 shares of the company’s stock valued at $13,609,000 after acquiring an additional 279,369 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Pearson by 31.6% during the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after acquiring an additional 97,443 shares during the period. 2.14% of the stock is currently owned by institutional investors.

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.