Caprock Group LLC Buys New Position in Pearson plc (NYSE:PSO)

Caprock Group LLC purchased a new position in shares of Pearson plc (NYSE:PSO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,764 shares of the company’s stock, valued at approximately $146,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Pearson by 88.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after purchasing an additional 1,138 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Pearson by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $35,000 after acquiring an additional 839 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Pearson by 86.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after purchasing an additional 1,462 shares during the period. CWM LLC grew its holdings in Pearson by 22.5% in the second quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after purchasing an additional 855 shares during the period. Finally, Blue Trust Inc. raised its stake in Pearson by 1,374.3% during the second quarter. Blue Trust Inc. now owns 6,089 shares of the company’s stock worth $80,000 after purchasing an additional 5,676 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Trading Up 0.7 %

NYSE PSO opened at $15.47 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. Pearson plc has a one year low of $11.64 and a one year high of $15.65. The company’s 50 day moving average price is $14.14 and its 200 day moving average price is $13.32.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PSO shares. StockNews.com cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Citigroup raised Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th.

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.