GAMMA Investing LLC Has $2.62 Million Stock Holdings in Pearson plc (NYSE:PSO)

GAMMA Investing LLC lifted its holdings in shares of Pearson plc (NYSE:PSO - Free Report) by 1,747.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,894 shares of the company's stock after acquiring an additional 155,025 shares during the period. GAMMA Investing LLC's holdings in Pearson were worth $2,624,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Pearson in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Pearson by 228.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,044 shares of the company's stock worth $65,000 after purchasing an additional 2,811 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Pearson by 251.4% in the 4th quarter. Russell Investments Group Ltd. now owns 5,247 shares of the company's stock valued at $85,000 after buying an additional 3,754 shares during the period. EverSource Wealth Advisors LLC increased its position in Pearson by 39.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,807 shares of the company's stock worth $110,000 after purchasing an additional 1,937 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new stake in shares of Pearson during the 4th quarter worth $134,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Stock Down 1.6%

NYSE:PSO traded down $0.24 during mid-day trading on Friday, reaching $14.61. The stock had a trading volume of 654,562 shares, compared to its average volume of 479,938. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The stock has a market cap of $9.66 billion, a P/E ratio of 15.54, a PEG ratio of 2.65 and a beta of 0.60. Pearson plc has a fifty-two week low of $11.93 and a fifty-two week high of $17.90. The business's 50 day moving average is $15.76 and its 200 day moving average is $16.07.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PSO. The Goldman Sachs Group began coverage on Pearson in a research report on Wednesday, March 26th. They issued a "buy" rating for the company. National Bankshares set a $18.00 price target on Pearson in a research report on Tuesday, February 18th. Finally, Wall Street Zen lowered shares of Pearson from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th.

About Pearson

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.