Townsquare Capital LLC Purchases Shares of 14,387 Pearson plc (NYSE:PSO)

Townsquare Capital LLC acquired a new position in Pearson plc (NYSE:PSO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,387 shares of the company’s stock, valued at approximately $195,000.

Several other large investors have also modified their holdings of PSO. Renaissance Technologies LLC lifted its position in Pearson by 68.4% during the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after acquiring an additional 171,220 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Pearson in the second quarter worth about $1,447,000. Bank of Montreal Can lifted its position in shares of Pearson by 31.6% during the 3rd quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock worth $5,536,000 after purchasing an additional 97,443 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Pearson by 61.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after purchasing an additional 58,136 shares during the period. Finally, Millennium Management LLC grew its holdings in Pearson by 66.3% in the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after buying an additional 118,822 shares during the last quarter. 2.14% of the stock is owned by institutional investors.

Pearson Stock Performance

NYSE:PSO opened at $15.90 on Friday. 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 firm’s 50-day moving average is $14.54 and its 200-day moving average is $13.55. Pearson plc has a 52-week low of $11.69 and a 52-week high of $15.92. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.69 and a beta of 0.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

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.