Pearson (NYSE:PSO) Downgraded by Kepler Capital Markets to “Strong Sell”

Kepler Capital Markets cut shares of Pearson (NYSE:PSOFree Report) from a hold rating to a strong sell rating in a research note published on Monday morning,Zacks reports.

A number of other analysts also recently commented on the stock. The Goldman Sachs Group downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Citigroup cut Pearson from a “buy” rating to a “neutral” rating in a report on Wednesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Pearson in a report on Tuesday, September 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Pearson in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Pearson currently has an average rating of “Hold”.

Get Our Latest Report on PSO

Pearson Stock Performance

Shares of PSO stock opened at $15.69 on Monday. The stock has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $15.01. Pearson has a fifty-two week low of $12.02 and a fifty-two week high of $17.75. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Pearson Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 21st. Investors of record on Friday, August 14th will be paid a $0.1103 dividend. This represents a yield of 137.0%. The ex-dividend date of this dividend is Friday, August 14th.

Hedge Funds Weigh In On Pearson

Several institutional investors and hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd increased its holdings in shares of Pearson by 44.9% in the 2nd quarter. WINTON GROUP Ltd now owns 24,200 shares of the company’s stock valued at $385,000 after purchasing an additional 7,500 shares during the period. Syon Capital LLC boosted its holdings in shares of Pearson by 14.8% during the second quarter. Syon Capital LLC now owns 28,322 shares of the company’s stock worth $450,000 after purchasing an additional 3,654 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Pearson by 44.3% during 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 period. Versant Capital Management Inc grew its position in Pearson by 77.9% during the second quarter. Versant Capital Management Inc now owns 21,176 shares of the company’s stock valued at $336,000 after purchasing an additional 9,275 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Pearson by 30.0% during the first quarter. EverSource Wealth Advisors LLC now owns 13,350 shares of the company’s stock valued at $175,000 after purchasing an additional 3,080 shares in the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

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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.

Further Reading

Analyst Recommendations for Pearson (NYSE:PSO)

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