HighTower Advisors LLC Sells 2,297 Shares of Pearson plc (NYSE:PSO)

HighTower Advisors LLC trimmed its holdings in shares of Pearson plc (NYSE:PSO) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,980 shares of the company’s stock after selling 2,297 shares during the quarter. HighTower Advisors LLC’s holdings in Pearson were worth $760,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Pearson Trading Down 2.1 %

PSO stock opened at $15.81 on Thursday. Pearson plc has a twelve month low of $11.69 and a twelve month high of $16.30. The business’s fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $13.77. 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 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.