ABC Arbitrage SA Buys Shares of 218,510 Pearson, PLC $PSO

ABC Arbitrage SA acquired a new position in shares of Pearson, PLC (NYSE:PSO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 218,510 shares of the company’s stock, valued at approximately $3,094,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in shares of Pearson by 3,131.8% during the second quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company’s stock worth $32,000 after acquiring an additional 2,067 shares during the last quarter. AlphaCore Capital LLC acquired a new position in Pearson during the 2nd quarter valued at about $70,000. Hantz Financial Services Inc. boosted its stake in Pearson by 519.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,030 shares of the company’s stock valued at $90,000 after purchasing an additional 5,057 shares during the period. Quantbot Technologies LP bought a new position in Pearson in the 2nd quarter worth about $154,000. Finally, Assetmark Inc. increased its stake in shares of Pearson by 68.2% in the second quarter. Assetmark Inc. now owns 10,432 shares of the company’s stock valued at $156,000 after purchasing an additional 4,230 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Trading Up 0.9%

PSO opened at $12.35 on Wednesday. The stock has a fifty day moving average of $13.44 and a 200-day moving average of $13.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31. Pearson, PLC has a 12-month low of $12.02 and a 12-month high of $17.90.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PSO. Citigroup assumed coverage on Pearson in a research report on Monday, January 12th. They set a “buy” rating for the company. Morgan Stanley began coverage on shares of Pearson in a report on Monday, October 20th. They issued an “equal weight” rating for the company. Kepler Capital Markets raised shares of Pearson from a “reduce” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings downgraded shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Pearson currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

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.