Pearson (NYSE:PSO) Sets New 12-Month Low – Here’s What Happened

Shares of Pearson, PLC (NYSE:PSO) reached a new 52-week low on Tuesday . The company traded as low as $12.35 and last traded at $12.3990, with a volume of 166169 shares trading hands. The stock had previously closed at $13.23.

Analyst Ratings Changes

PSO has been the topic of a number of recent analyst reports. Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Morgan Stanley initiated coverage on shares of Pearson in a report on Monday, October 20th. They set an “equal weight” rating for the company. Citigroup started coverage on shares of Pearson in a report on Monday, January 12th. They issued a “buy” rating on the stock. Finally, Weiss Ratings lowered shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Pearson currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Pearson Stock Down 7.8%

The company’s 50-day moving average price is $13.54 and its 200-day moving average price is $13.95. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40.

Institutional Trading of Pearson

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its stake in Pearson by 16.2% in the 1st quarter. AQR Capital Management LLC now owns 71,670 shares of the company’s stock valued at $1,147,000 after acquiring an additional 9,977 shares during the period. Millennium Management LLC acquired a new stake in Pearson during the 1st quarter worth approximately $11,546,000. NewEdge Advisors LLC boosted its stake in Pearson by 10,532.1% in the 1st quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock valued at $414,000 after purchasing an additional 25,593 shares during the period. Goldman Sachs Group Inc. increased its position in Pearson by 2.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock worth $34,336,000 after buying an additional 44,349 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of Pearson by 24.2% during the second quarter. Truist Financial Corp now owns 21,879 shares of the company’s stock worth $327,000 after buying an additional 4,261 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.