Pearson (NYSE:PSO) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a report issued on Monday.

Separately, Citigroup raised Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Stock Performance

Shares of Pearson stock opened at $14.60 on Monday. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $13.67 and a 200-day moving average of $12.98. Pearson has a 1-year low of $11.51 and a 1-year high of $14.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in Pearson during the 2nd quarter worth approximately $3,849,000. Renaissance Technologies LLC raised its stake in shares of Pearson by 68.4% during the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after acquiring an additional 171,220 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Pearson by 64.9% during the second quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after purchasing an additional 122,054 shares during the period. Millennium Management LLC grew its stake in shares of Pearson by 66.3% in the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after purchasing an additional 118,822 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Pearson in the second quarter valued at $1,447,000. 2.14% of the stock is currently owned by institutional investors.

About Pearson

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.