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

StockNews.com lowered shares of Pearson (NYSE:PSOFree Report) 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.

Read Our Latest Research Report on PSO

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

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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.

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