Pearson (NYSE:PSO) Hits New 52-Week High – Here’s What Happened

Pearson plc (NYSE:PSO)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.64 and last traded at $16.64, with a volume of 2786 shares changing hands. The stock had previously closed at $16.29.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PSO. The Goldman Sachs Group raised Pearson to a “strong-buy” rating in a research note on Thursday. StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Stock Down 1.2 %

The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $15.95 and its 200-day moving average is $14.57.

Institutional Investors Weigh In On Pearson

A number of institutional investors have recently modified their holdings of PSO. Marshall Wace LLP acquired a new stake in shares of Pearson during the 2nd quarter worth approximately $1,447,000. Bank of Montreal Can boosted its holdings in Pearson by 31.6% in the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock worth $5,536,000 after acquiring an additional 97,443 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Pearson by 61.1% in the third quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after acquiring an additional 58,136 shares during the period. Millennium Management LLC raised its position in shares of Pearson by 66.3% during 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 period. Finally, FMR LLC lifted its holdings in shares of Pearson by 20.7% in the 3rd quarter. FMR LLC now owns 275,310 shares of the company’s stock worth $3,736,000 after purchasing an additional 47,296 shares in the last quarter. 2.14% of the stock is 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.