Dorsey Wright & Associates Reduces Stock Position in Pearson, PLC $PSO

Dorsey Wright & Associates cut its holdings in Pearson, PLC (NYSE:PSO) by 38.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,634 shares of the company’s stock after selling 48,911 shares during the quarter. Dorsey Wright & Associates’ holdings in Pearson were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PSO. U.S. Capital Wealth Advisors LLC grew its position in shares of Pearson by 6.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 12,294 shares of the company’s stock worth $184,000 after buying an additional 724 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Pearson by 4.3% during the first quarter. Evergreen Capital Management LLC now owns 19,700 shares of the company’s stock valued at $320,000 after acquiring an additional 816 shares in the last quarter. Choreo LLC lifted its stake in Pearson by 7.4% in the first quarter. Choreo LLC now owns 11,939 shares of the company’s stock worth $191,000 after acquiring an additional 823 shares during the period. CWM LLC boosted its holdings in Pearson by 43.6% in the first quarter. CWM LLC now owns 4,140 shares of the company’s stock valued at $66,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Pearson by 12.7% during the 1st quarter. Rhumbline Advisers now owns 14,039 shares of the company’s stock valued at $225,000 after purchasing an additional 1,587 shares during the period. Institutional investors own 2.14% of the company’s stock.

Pearson Trading Down 0.2%

NYSE:PSO opened at $13.17 on Wednesday. Pearson, PLC has a one year low of $12.88 and a one year high of $17.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.31 and a quick ratio of 2.24. The company’s 50-day simple moving average is $14.04 and its 200 day simple moving average is $14.61.

Wall Street Analysts Forecast Growth

PSO has been the subject of several research analyst reports. Morgan Stanley started coverage on shares of Pearson in a research report on Monday, October 20th. They issued an “equal weight” rating for the company. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a research report on Monday, August 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Pearson in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Pearson has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Pearson Company 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.