Allworth Financial LP Lowers Stock Position in Pearson, PLC (NYSE:PSO)

Allworth Financial LP cut its position in shares of Pearson, PLC (NYSE:PSO) by 31.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,720 shares of the company’s stock after selling 772 shares during the period. Allworth Financial LP’s holdings in Pearson were worth $27,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PSO. TD Private Client Wealth LLC raised its position in Pearson by 1,798.8% during the first quarter. TD Private Client Wealth LLC now owns 1,633 shares of the company’s stock worth $26,000 after acquiring an additional 1,547 shares during the period. Russell Investments Group Ltd. raised its position in shares of Pearson by 251.4% in the fourth 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 last quarter. GeoWealth Management LLC acquired a new stake in shares of Pearson in the fourth quarter valued at about $134,000. Wells Fargo & Company MN raised its position in shares of Pearson by 45.6% in the fourth quarter. Wells Fargo & Company MN now owns 8,418 shares of the company’s stock valued at $136,000 after buying an additional 2,637 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Pearson by 850.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,073 shares of the company’s stock valued at $146,000 after buying an additional 8,118 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Performance

Shares of PSO opened at $14.18 on Friday. The stock has a market capitalization of $9.38 billion, a P/E ratio of 15.09, a P/E/G ratio of 2.50 and a beta of 0.56. Pearson, PLC has a 1 year low of $13.10 and a 1 year high of $17.90. The company’s fifty day moving average is $15.16 and its two-hundred day moving average is $15.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.85.

Analyst Upgrades and Downgrades

PSO has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on shares of Pearson in a research note on Wednesday, March 26th. They set a “buy” rating for the company. Wall Street Zen cut shares of Pearson from a “strong-buy” rating to a “buy” rating in a report on Friday, June 27th. Finally, BNP Paribas raised shares of Pearson from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th.

Pearson Profile

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.