Pearson PLC (PSO) Sees Significant Growth in Short Interest
Pearson PLC (NYSE:PSO) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 847,099 shares, an increase of 44.2% from the August 31st total of 587,528 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 440,687 shares, the short-interest ratio is presently 1.9 days.
Several research analysts have commented on PSO shares. Shore Capital reissued a “hold” rating on shares of Pearson PLC in a report on Tuesday, June 21st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson PLC in a report on Tuesday, June 21st. Zacks Investment Research downgraded shares of Pearson PLC from a “hold” rating to a “sell” rating in a report on Saturday, July 2nd. Societe Generale downgraded shares of Pearson PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Morgan Stanley raised shares of Pearson PLC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Pearson PLC (NYSE:PSO) opened at 10.15 on Thursday. Pearson PLC has a 12 month low of $9.18 and a 12 month high of $18.78. The company has a 50-day moving average of $10.66 and a 200-day moving average of $11.73. The stock has a market cap of $8.27 billion, a PE ratio of 9.34 and a beta of 0.34.
The business also recently announced a dividend, which was paid on Wednesday, September 21st. Investors of record on Friday, August 19th were given a dividend of $0.238 per share. The ex-dividend date was Wednesday, August 17th.
Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Pearson PLC by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,712,053 shares of the company’s stock valued at $35,230,000 after buying an additional 329,907 shares during the period. OLD Mission Capital LLC acquired a new position in Pearson PLC during the second quarter valued at approximately $3,451,000. Jane Street Group LLC raised its position in Pearson PLC by 13.2% in the second quarter. Jane Street Group LLC now owns 1,897,017 shares of the company’s stock valued at $24,642,000 after buying an additional 220,969 shares during the period. Goldman Sachs Group Inc. raised its position in Pearson PLC by 351.1% in the first quarter. Goldman Sachs Group Inc. now owns 201,286 shares of the company’s stock valued at $2,524,000 after buying an additional 156,669 shares during the period. Finally, Aperio Group LLC raised its position in Pearson PLC by 59.1% in the first quarter. Aperio Group LLC now owns 407,909 shares of the company’s stock valued at $5,115,000 after buying an additional 151,448 shares during the period. Hedge funds and other institutional investors own 2.10% of the company’s stock.
About Pearson PLC
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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