Assetmark Inc. Has $156,000 Position in Pearson, PLC $PSO

Assetmark Inc. increased its stake in shares of Pearson, PLC (NYSE:PSO) by 68.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,432 shares of the company’s stock after purchasing an additional 4,230 shares during the quarter. Assetmark Inc.’s holdings in Pearson were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PSO. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Pearson by 6.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 12,294 shares of the company’s stock valued at $184,000 after acquiring an additional 724 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Pearson by 4.3% during the first quarter. Evergreen Capital Management LLC now owns 19,700 shares of the company’s stock valued at $320,000 after purchasing an additional 816 shares in the last quarter. Choreo LLC grew its holdings in shares of Pearson by 7.4% during the first quarter. Choreo LLC now owns 11,939 shares of the company’s stock worth $191,000 after purchasing an additional 823 shares during the last quarter. Signaturefd LLC increased its stake in shares of Pearson by 6.0% in the first quarter. Signaturefd LLC now owns 18,083 shares of the company’s stock valued at $290,000 after buying an additional 1,027 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Pearson by 7.6% in the first quarter. M&T Bank Corp now owns 16,417 shares of the company’s stock valued at $263,000 after buying an additional 1,165 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

PSO has been the subject of several recent research reports. Wall Street Zen cut shares of Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Morgan Stanley began coverage on Pearson in a research report on Monday, October 20th. They issued an “equal weight” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Pearson in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Pearson in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Pearson Price Performance

Shares of PSO opened at $13.04 on Friday. Pearson, PLC has a 52-week low of $12.88 and a 52-week high of $17.90. The business’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $14.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.31 and a quick ratio of 2.24.

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.