Pearson (NYSE:PSO) Reaches New 12-Month Low – Here’s What Happened

Shares of Pearson, PLC (NYSE:PSO) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $12.20 and last traded at $14.1990, with a volume of 9148 shares trading hands. The stock had previously closed at $14.17.

Analyst Upgrades and Downgrades

PSO has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 22nd. Morgan Stanley started coverage on Pearson in a research note on Monday, October 20th. They set an “equal weight” rating on the stock. Finally, Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pearson presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Pearson Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31. The firm’s 50 day moving average is $13.69 and its 200 day moving average is $14.16.

Institutional Investors Weigh In On Pearson

Hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its stake in Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 1,590 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Pearson by 3,131.8% in the second quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock valued at $32,000 after purchasing an additional 2,067 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Pearson by 113.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,492 shares of the company’s stock worth $52,000 after buying an additional 1,859 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Pearson during the second quarter worth approximately $64,000. Finally, AlphaCore Capital LLC bought a new position in shares of Pearson during the 2nd quarter valued at approximately $70,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.