Pearson plc (NYSE:PSO) Position Boosted by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in Pearson plc (NYSE:PSO) by 18.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,052 shares of the company’s stock after purchasing an additional 4,544 shares during the quarter. Ballentine Partners LLC’s holdings in Pearson were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after acquiring an additional 1,138 shares in the last quarter. GAMMA Investing LLC increased its position in Pearson by 43.2% in the 2nd 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. SageView Advisory Group LLC purchased a new stake in shares of Pearson during the 1st quarter worth about $42,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pearson by 86.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after buying an additional 1,462 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Pearson by 22.5% in the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after buying an additional 855 shares in the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Price Performance

PSO opened at $13.52 on Monday. The firm has a market cap of $9.01 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The business has a 50 day moving average price of $13.62 and a 200 day moving average price of $12.94. Pearson plc has a twelve month low of $11.05 and a twelve month high of $14.20.

Analysts Set New Price Targets

A number of research firms have issued reports on PSO. StockNews.com upgraded shares of Pearson from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

Pearson 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.