Choreo LLC Invests $162,000 in Pearson plc (NYSE:PSO)

Choreo LLC bought a new stake in shares of Pearson plc (NYSE:PSO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,053 shares of the company’s stock, valued at approximately $162,000.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after purchasing an additional 1,138 shares during the period. GAMMA Investing LLC grew its stake in shares of Pearson by 43.2% in the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after buying an additional 839 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Pearson during the 1st quarter valued at about $42,000. CWM LLC lifted its position in Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $58,000 after acquiring an additional 855 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Pearson by 1,374.3% during the 2nd quarter. Blue Trust Inc. now owns 6,089 shares of the company’s stock worth $80,000 after acquiring an additional 5,676 shares in the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Performance

NYSE:PSO opened at $13.60 on Friday. The business’s 50-day simple moving average is $13.51 and its 200 day simple moving average is $12.85. Pearson plc has a one year low of $10.31 and a one year high of $14.20. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Pearson Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 9th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a dividend yield of 2.2%.

Analyst Upgrades and Downgrades

PSO has been the topic of a number of analyst reports. StockNews.com upgraded shares of Pearson from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Citigroup raised shares of Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

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.