Formidable Asset Management LLC bought a new stake in Pearson plc (NYSE:PSO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,156 shares of the company's stock, valued at approximately $422,000.
Several other large investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in Pearson during the 4th quarter worth approximately $27,000. Arrowstreet Capital Limited Partnership increased its stake in Pearson by 49.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 844,228 shares of the company's stock valued at $13,609,000 after buying an additional 279,369 shares during the period. QRG Capital Management Inc. lifted its position in Pearson by 99.4% in the 4th quarter. QRG Capital Management Inc. now owns 49,541 shares of the company's stock worth $799,000 after buying an additional 24,699 shares in the last quarter. ABC Arbitrage SA acquired a new stake in shares of Pearson during the 4th quarter valued at $4,780,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Pearson by 228.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,044 shares of the company's stock valued at $65,000 after acquiring an additional 2,811 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PSO shares. Wall Street Zen upgraded Pearson from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. The Goldman Sachs Group began coverage on Pearson in a research note on Wednesday, March 26th. They set a "buy" rating for the company. Finally, National Bankshares set a $18.00 price objective on Pearson in a report on Tuesday, February 18th.
Read Our Latest Report on PSO
Pearson Stock Down 1.3%
Shares of NYSE:PSO traded down $0.21 on Friday, reaching $15.93. The company had a trading volume of 396,094 shares, compared to its average volume of 466,751. The stock has a market capitalization of $10.60 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $15.89 and a 200 day moving average price of $16.08. Pearson plc has a twelve month low of $11.86 and a twelve month high of $17.90.
Pearson Profile
(
Free Report)
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.
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