Pearson (NYSE:PSO) Sets New 52-Week High at $13.69

Pearson plc (NYSE:PSO)’s stock price reached a new 52-week high on Friday . The stock traded as high as $13.69 and last traded at $13.66, with a volume of 11307 shares trading hands. The stock had previously closed at $13.57.

Analyst Ratings Changes

A number of analysts recently weighed in on PSO shares. StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Citigroup raised Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th.

Pearson Stock Up 1.3 %

The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $12.99 and its two-hundred day moving average is $12.62.

Pearson Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 9th will be given a dividend of $0.095 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 9th.

Institutional Investors Weigh In On Pearson

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Lester Murray Antman dba SimplyRich grew its stake in Pearson by 2.5% in the second quarter. Lester Murray Antman dba SimplyRich now owns 32,239 shares of the company’s stock worth $402,000 after purchasing an additional 799 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Pearson by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after acquiring an additional 839 shares during the last quarter. CWM LLC raised its position in shares of Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after acquiring an additional 855 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Pearson by 8.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 12,905 shares of the company’s stock valued at $172,000 after acquiring an additional 1,007 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Pearson by 88.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares during the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

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.