87,191 Shares in Pearson, PLC (NYSE:PSO) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 87,191 shares of Pearson, PLC (NYSE:PSO) valued at approximately $1,396,000 during the first quarter.
• Several institutional investors, including TD Private Client Wealth LLC and CWM LLC, significantly increased their holdings in Pearson, showcasing a growing interest from hedge funds.
• Analyst ratings for Pearson have fluctuated, with Wall Street Zen downgrading it to "hold" while BNP Paribas upgraded its rating to "strong-buy."

XTX Topco Ltd bought a new position in shares of Pearson, PLC (NYSE:PSO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 87,191 shares of the company's stock, valued at approximately $1,396,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PSO. TD Private Client Wealth LLC boosted its holdings in Pearson by 1,798.8% in the 1st quarter. TD Private Client Wealth LLC now owns 1,633 shares of the company's stock valued at $26,000 after purchasing an additional 1,547 shares in the last quarter. CWM LLC boosted its holdings in Pearson by 43.6% in the 1st quarter. CWM LLC now owns 4,140 shares of the company's stock valued at $66,000 after purchasing an additional 1,256 shares in the last quarter. Russell Investments Group Ltd. boosted 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 purchasing an additional 3,754 shares in the last quarter. Assetmark Inc. boosted its holdings in Pearson by 247.6% in the 1st quarter. Assetmark Inc. now owns 6,202 shares of the company's stock valued at $99,000 after purchasing an additional 4,418 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new stake in Pearson in the 4th quarter valued at approximately $134,000. Institutional investors and hedge funds own 2.14% of the company's stock.

Pearson Price Performance

Shares of NYSE:PSO traded up $0.73 during trading on Friday, hitting $14.96. 2,051,552 shares of the stock were exchanged, compared to its average volume of 625,891. The company has a fifty day moving average price of $14.77 and a two-hundred day moving average price of $15.72. The company has a market cap of $9.77 billion, a PE ratio of 15.91, a P/E/G ratio of 2.51 and a beta of 0.58. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. Pearson, PLC has a 12-month low of $13.10 and a 12-month high of $17.90.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PSO. Wall Street Zen lowered Pearson from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. BNP Paribas raised Pearson from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th.

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.