Pearson (NYSE:PSO) Sets New 1-Year High – Time to Buy?

Shares of Pearson plc (NYSE:PSO) reached a new 52-week high on Monday . The company traded as high as $15.92 and last traded at $15.92, with a volume of 732 shares changing hands. The stock had previously closed at $15.90.

Analysts Set New Price Targets

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

Pearson Stock Up 0.4 %

The firm has a 50-day moving average price of $14.54 and a two-hundred day moving average price of $13.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Institutional Trading of Pearson

Several institutional investors and hedge funds have recently made changes to their positions in PSO. GAMMA Investing LLC lifted its position in shares of Pearson by 43.2% during the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $35,000 after purchasing an additional 839 shares during the last quarter. CWM LLC raised its holdings in shares of Pearson by 22.5% in the second quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after acquiring an additional 855 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Pearson by 1,374.3% in the second quarter. Blue Trust Inc. now owns 6,089 shares of the company’s stock valued at $80,000 after acquiring an additional 5,676 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in shares of Pearson by 2.5% in the second quarter. Lester Murray Antman dba SimplyRich now owns 32,239 shares of the company’s stock valued at $402,000 after acquiring an additional 799 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Pearson by 6.6% in the second quarter. Crossmark Global Holdings Inc. now owns 95,202 shares of the company’s stock valued at $1,188,000 after acquiring an additional 5,886 shares in the last quarter. 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.