GAMMA Investing LLC boosted its stake in Pearson plc (NYSE:PSO - Free Report) by 1,747.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,894 shares of the company's stock after acquiring an additional 155,025 shares during the quarter. GAMMA Investing LLC's holdings in Pearson were worth $2,624,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PSO. SBI Securities Co. Ltd. bought a new stake in Pearson in the 4th quarter valued at $27,000. Smartleaf Asset Management LLC lifted its position in Pearson by 228.0% in 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. Russell Investments Group Ltd. lifted its position 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 acquiring an additional 3,754 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Pearson by 39.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,807 shares of the company's stock worth $110,000 after buying an additional 1,937 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of Pearson during the 4th quarter worth about $134,000. 2.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on PSO. Wall Street Zen raised shares of Pearson from a "buy" rating to a "strong-buy" rating in a report on Sunday. The Goldman Sachs Group started coverage on shares of Pearson in a report on Wednesday, March 26th. They issued a "buy" rating on the stock. Finally, National Bankshares set a $18.00 price target on shares of Pearson in a report on Tuesday, February 18th.
Get Our Latest Analysis on Pearson
Pearson Stock Performance
Pearson stock traded up $0.05 during trading hours on Monday, hitting $14.64. The company had a trading volume of 726,696 shares, compared to its average volume of 482,990. The firm has a market cap of $9.68 billion, a PE ratio of 15.57, a PEG ratio of 2.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. Pearson plc has a one year low of $11.99 and a one year high of $17.90. The firm has a 50-day moving average of $15.75 and a 200 day moving average of $16.07.
About Pearson
(
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.
Further Reading
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