Pearson (NYSE:PSO) Sees Unusually-High Trading Volume – Here’s Why

Pearson plc (NYSE:PSO) shares saw unusually-high trading volume on Tuesday . Approximately 1,033,990 shares traded hands during mid-day trading, an increase of 89% from the previous session’s volume of 546,783 shares.The stock last traded at $15.76 and had previously closed at $15.45.

Wall Street Analysts Forecast Growth

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

Pearson Price Performance

The stock has a fifty day simple moving average of $15.74 and a two-hundred day simple moving average of $14.27. The company has a market cap of $10.49 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.41. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On Pearson

A number of institutional investors have recently added to or reduced their stakes in PSO. Bank of Montreal Can purchased a new stake in shares of Pearson during the 2nd quarter worth approximately $3,849,000. Renaissance Technologies LLC boosted its stake in shares of Pearson by 68.4% during the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after acquiring an additional 171,220 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Pearson by 64.9% during the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after acquiring an additional 122,054 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Pearson by 66.3% during the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after acquiring an additional 118,822 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Pearson during the 2nd quarter worth approximately $1,447,000. 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.