Pearson (NYSE:PSO) Reaches New 52-Week High – Here’s What Happened

Pearson, PLC (NYSE:PSO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $17.12 and last traded at $17.3860, with a volume of 485355 shares trading hands. The stock had previously closed at $16.91.

Analysts Set New Price Targets

PSO has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Pearson Trading Up 3.1%

The company has a 50 day simple moving average of $15.39 and a 200-day simple moving average of $14.04. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in 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 period. Versant Capital Management Inc raised its holdings in shares of 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 during the period. EverSource Wealth Advisors LLC raised its holdings in shares of 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 during the period. Royal Bank of Canada grew its stake in shares of Pearson by 86.5% in the 1st 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 increased its position in Pearson by 16.8% in the 1st quarter. Quantinno Capital Management LP now owns 512,854 shares of the company’s stock valued at $6,734,000 after buying an additional 73,788 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

Pearson Company 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.