State Treasurer State of Michigan Has $8.44 Million Position in Pearson, PLC (PSO)

State Treasurer State of Michigan lowered its position in shares of Pearson, PLC (NYSE:PSO) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 941,000 shares of the company’s stock after selling 120,600 shares during the period. State Treasurer State of Michigan owned 0.12% of Pearson, PLC worth $8,441,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PSO. Comerica Bank increased its position in shares of Pearson, PLC by 12.7% in the fourth quarter. Comerica Bank now owns 46,539 shares of the company’s stock worth $462,000 after buying an additional 5,244 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Pearson, PLC by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,219,055 shares of the company’s stock worth $32,158,000 after buying an additional 98,540 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Pearson, PLC by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,493 shares of the company’s stock worth $185,000 after buying an additional 925 shares in the last quarter. Bank of Montreal Can increased its position in shares of Pearson, PLC by 68.7% in the first quarter. Bank of Montreal Can now owns 80,289 shares of the company’s stock worth $681,000 after buying an additional 32,690 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Pearson, PLC by 5.1% in the first quarter. Capstone Asset Management Co. now owns 93,218 shares of the company’s stock worth $790,000 after buying an additional 4,500 shares in the last quarter. 2.04% of the stock is owned by institutional investors and hedge funds.

Shares of Pearson, PLC (NYSE:PSO) traded down 0.24% during midday trading on Friday, reaching $8.29. 165,243 shares of the company traded hands. The company has a 50 day moving average price of $8.83 and a 200 day moving average price of $8.51. The company’s market capitalization is $6.75 billion. Pearson, PLC has a 1-year low of $7.04 and a 1-year high of $12.90.

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PSO has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed an “underperform” rating on shares of Pearson, PLC in a research note on Monday, March 27th. BNP Paribas downgraded shares of Pearson, PLC from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 5th. Exane BNP Paribas downgraded shares of Pearson, PLC from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 6th. Zacks Investment Research downgraded shares of Pearson, PLC from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Finally, Kepler Capital Markets downgraded shares of Pearson, PLC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Pearson, PLC has a consensus rating of “Hold” and a consensus price target of $10.00.

Pearson, PLC Company Profile

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

Institutional Ownership by Quarter for Pearson, PLC (NYSE:PSO)

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