Pearson (NYSE:PSO) Downgraded by StockNews.com to “Hold”

Pearson (NYSE:PSO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Citigroup raised shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Stock Down 0.5 %

Shares of NYSE PSO opened at $15.02 on Friday. The firm has a fifty day simple moving average of $13.99 and a two-hundred day simple moving average of $13.21. Pearson has a 12 month low of $11.64 and a 12 month high of $15.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Institutional Trading of Pearson

Hedge funds and other institutional investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC boosted its position in shares of Pearson by 50.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,595 shares of the company’s stock worth $646,000 after purchasing an additional 16,049 shares in the last quarter. Quantinno Capital Management LP raised its stake in Pearson by 16.3% during the third quarter. Quantinno Capital Management LP now owns 145,744 shares of the company’s stock valued at $1,978,000 after buying an additional 20,461 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Pearson in the third quarter worth $628,000. Rockefeller Capital Management L.P. grew its stake in shares of Pearson by 55.8% in the third quarter. Rockefeller Capital Management L.P. now owns 172,190 shares of the company’s stock worth $2,337,000 after acquiring an additional 61,666 shares during the last quarter. Finally, Glenmede Trust Co. NA bought a new position in shares of Pearson during the third quarter valued at $149,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

About Pearson

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.