QRG Capital Management Inc. Boosts Stock Position in Pearson plc (NYSE:PSO)

QRG Capital Management Inc. lifted its position in Pearson plc (NYSE:PSO) by 44.9% in the third quarter, Holdings Channel.com reports. The firm owned 24,842 shares of the company’s stock after purchasing an additional 7,693 shares during the quarter. QRG Capital Management Inc.’s holdings in Pearson were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in 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 during the period. GAMMA Investing LLC boosted its holdings in Pearson by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after acquiring an additional 839 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 acquiring an additional 1,462 shares during the period. SageView Advisory Group LLC purchased a new stake in Pearson during the 1st quarter valued at about $42,000. Finally, CWM LLC boosted its holdings in Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after acquiring an additional 855 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PSO shares. Citigroup upgraded Pearson to a “strong-buy” rating in a report on Tuesday, July 30th. StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

Pearson Stock Performance

PSO opened at $15.60 on Tuesday. The business has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $13.12. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Pearson plc has a one year low of $11.64 and a one year high of $15.65.

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.