Charles Schwab Investment Management Inc. Acquires 10,424 Shares of Pearson plc (NYSE:PSO)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Pearson plc (NYSE:PSO) by 19.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 64,545 shares of the company’s stock after acquiring an additional 10,424 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Pearson were worth $876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSO. Renaissance Technologies LLC raised its stake in Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after acquiring an additional 171,220 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Pearson by 64.9% in the second quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock valued at $3,868,000 after purchasing an additional 122,054 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Pearson in the second quarter valued at about $3,849,000. Millennium Management LLC lifted its stake in shares of Pearson by 66.3% during the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after buying an additional 118,822 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Pearson by 61.1% during the 3rd 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. Institutional investors own 2.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Pearson Trading Up 0.3 %

Shares of NYSE PSO opened at $16.16 on Wednesday. The business’s 50 day moving average is $14.84 and its 200-day moving average is $13.73. 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 plc has a 1-year low of $11.69 and a 1-year high of $16.30.

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.