Cerity Partners LLC Grows Position in Pearson, PLC (NYSE:PSO)

Cerity Partners LLC boosted its holdings in Pearson, PLC (NYSE:PSO) by 76.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,003 shares of the company’s stock after acquiring an additional 66,621 shares during the quarter. Cerity Partners LLC’s holdings in Pearson were worth $2,466,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC purchased a new stake in Pearson during the 1st quarter worth about $173,000. M&T Bank Corp lifted its stake in shares of Pearson by 7.6% in the 1st quarter. M&T Bank Corp now owns 16,417 shares of the company’s stock valued at $263,000 after purchasing an additional 1,165 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Pearson in the 1st quarter valued at about $185,000. Callan Capital LLC lifted its stake in shares of Pearson by 3.7% in the 1st quarter. Callan Capital LLC now owns 18,626 shares of the company’s stock valued at $298,000 after purchasing an additional 661 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of 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. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Analysts Set New Price Targets

PSO has been the topic of several recent research reports. Wall Street Zen lowered Pearson from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th. BNP Paribas upgraded Pearson from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group started coverage on Pearson in a report on Wednesday, March 26th. They issued a “buy” rating for the company.

Pearson Trading Down 0.4%

Shares of PSO opened at $14.18 on Friday. The stock has a 50 day simple moving average of $15.16 and a 200-day simple moving average of $15.83. Pearson, PLC has a 1 year low of $13.10 and a 1 year high of $17.90. The stock has a market cap of $9.38 billion, a PE ratio of 15.09, a PEG ratio of 2.50 and a beta of 0.56. 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 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.