Jane Street Group LLC Has $5.81 Million Holdings in Pearson PLC (PSO)
Jane Street Group LLC cut its holdings in Pearson PLC (NYSE:PSO) by 47.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 713,708 shares of the company’s stock after selling 642,301 shares during the quarter. Jane Street Group LLC owned about 0.09% of Pearson worth $5,810,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morgan Stanley lifted its stake in shares of Pearson by 17.3% in the first quarter. Morgan Stanley now owns 223,462 shares of the company’s stock worth $1,894,000 after buying an additional 32,939 shares during the last quarter. Credit Suisse AG lifted its stake in shares of Pearson by 10.0% in the first quarter. Credit Suisse AG now owns 200,000 shares of the company’s stock worth $1,696,000 after buying an additional 18,213 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Pearson by 127.2% in the second quarter. Bank of Montreal Can now owns 182,381 shares of the company’s stock worth $1,636,000 after buying an additional 102,092 shares during the last quarter. US Bancorp DE lifted its stake in shares of Pearson by 1.5% in the second quarter. US Bancorp DE now owns 12,051 shares of the company’s stock worth $109,000 after buying an additional 179 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Pearson by 16.3% in the second quarter. Advisors Asset Management Inc. now owns 210,368 shares of the company’s stock worth $1,887,000 after buying an additional 29,470 shares during the last quarter. Hedge funds and other institutional investors own 1.37% of the company’s stock.
PSO has been the subject of a number of analyst reports. Deutsche Bank cut shares of Pearson from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BNP Paribas upgraded shares of Pearson from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Pearson from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Pearson has an average rating of “Hold” and a consensus target price of $10.00.
Pearson PLC (NYSE PSO) traded up $0.02 during trading hours on Friday, reaching $9.87. 412,631 shares of the company traded hands, compared to its average volume of 325,024. Pearson PLC has a 1 year low of $7.04 and a 1 year high of $10.31. The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 0.46.
ILLEGAL ACTIVITY WARNING: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.watchlistnews.com/jane-street-group-llc-has-5-81-million-holdings-in-pearson-plc-pso/1754172.html.
Pearson Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
Want to see what other hedge funds are holding PSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pearson PLC (NYSE:PSO).
Receive News & Ratings for Pearson PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearson PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.