Pearson, PLC (NYSE:PSO – Get Free Report) fell 6.3% on Tuesday . The company traded as low as $16.49 and last traded at $16.5020. Approximately 1,597,747 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 1,043,154 shares. The stock had previously closed at $17.61.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson in a research report on Tuesday. Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Pearson has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Pearson
Pearson Stock Down 0.2%
Hedge Funds Weigh In On Pearson
A number of hedge funds have recently modified their holdings of PSO. GAMMA Investing LLC grew its stake in shares of Pearson by 44.3% in the second quarter. GAMMA Investing LLC now owns 8,880 shares of the company’s stock worth $141,000 after purchasing an additional 2,727 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Pearson by 77.9% during the 2nd quarter. Versant Capital Management Inc now owns 21,176 shares of the company’s stock worth $336,000 after buying an additional 9,275 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Pearson by 30.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 13,350 shares of the company’s stock valued at $175,000 after buying an additional 3,080 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Pearson by 86.5% in the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after buying an additional 2,604 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Pearson by 16.8% in the first quarter. Quantinno Capital Management LP now owns 512,854 shares of the company’s stock worth $6,734,000 after acquiring an additional 73,788 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.
About Pearson
Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.
Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.
Read More
- Five stocks we like better than Pearson
- Tesla’s Delivery Surprise Was Big—Earnings Need to Be Bigger
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
Receive News & Ratings for Pearson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson and related companies with MarketBeat.com's FREE daily email newsletter.
