Pearson (NYSE:PSO) Sets New 52-Week High – What’s Next?

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PSO. The Goldman Sachs Group raised shares of Pearson to a “strong-buy” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pearson Trading Up 0.5 %

The stock has a 50-day simple moving average of $16.18 and a 200 day simple moving average of $14.86. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Institutional Trading of Pearson

Several institutional investors and hedge funds have recently bought and sold shares of PSO. Vident Advisory LLC raised its stake in shares of Pearson by 8.8% in the 4th quarter. Vident Advisory LLC now owns 72,527 shares of the company’s stock valued at $1,169,000 after acquiring an additional 5,861 shares during the period. Tidal Investments LLC acquired a new position in Pearson in the 4th quarter valued at about $442,000. Quantinno Capital Management LP boosted its position in Pearson by 6.6% in the 4th quarter. Quantinno Capital Management LP now owns 155,343 shares of the company’s stock valued at $2,504,000 after buying an additional 9,599 shares during the period. Ethic Inc. increased its holdings in Pearson by 46.3% during the 4th quarter. Ethic Inc. now owns 169,797 shares of the company’s stock worth $2,737,000 after purchasing an additional 53,744 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Pearson in the 4th quarter valued at about $192,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

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.