According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
Separately, JPMorgan Chase & Co. set a $45.00 price target on Ciena and gave the company a buy rating in a research report on Friday, March 22nd.
PSO stock opened at $10.54 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $10.23. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 11.21 and a beta of 0.09. Pearson has a 1 year low of $9.70 and a 1 year high of $13.19.
Several hedge funds have recently bought and sold shares of PSO. Citigroup Inc. grew its position in shares of Pearson by 38.5% in the fourth quarter. Citigroup Inc. now owns 6,524 shares of the company’s stock valued at $78,000 after purchasing an additional 1,812 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Pearson in the fourth quarter valued at approximately $82,000. Marshall Wace North America L.P. acquired a new position in Pearson in the first quarter valued at approximately $93,000. Fulton Bank N.A. acquired a new position in Pearson in the first quarter valued at approximately $129,000. Finally, Quadrant Capital Group LLC lifted its holdings in Pearson by 21.2% in the first quarter. Quadrant Capital Group LLC now owns 12,044 shares of the company’s stock valued at $130,000 after acquiring an additional 2,104 shares during the last quarter. Institutional investors and hedge funds own 1.31% of the company’s stock.
Pearson Company Profile
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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