Renaissance Technologies LLC lessened its holdings in Pearson, PLC (NYSE:PSO – Free Report) by 73.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 25,400 shares of the company’s stock after selling 69,200 shares during the period. Renaissance Technologies LLC’s holdings in Pearson were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in Pearson by 72.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock valued at $21,605,000 after buying an additional 691,339 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Pearson by 215.5% during the 4th quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock worth $769,000 after acquiring an additional 37,413 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Pearson by 30.1% during the 4th quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock valued at $2,202,000 after acquiring an additional 36,302 shares during the period. Barometer Capital Management Inc. grew its position in shares of Pearson by 545.3% during the 4th quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock valued at $907,000 after acquiring an additional 54,589 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of Pearson in the 1st quarter worth $517,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. The Goldman Sachs Group cut Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Pearson from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.
Pearson Price Performance
Shares of PSO stock opened at $15.98 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.00. Pearson, PLC has a one year low of $12.02 and a one year high of $17.75. The company’s fifty day moving average price is $16.22 and its 200-day moving average price is $14.61.
Pearson Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.1103 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 137.0%.
Pearson Profile
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.
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