US Bancorp DE increased its position in shares of Pearson plc (NYSE:PSO – Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,600 shares of the company’s stock after acquiring an additional 6,285 shares during the period. US Bancorp DE’s holdings in Pearson were worth $659,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of PSO. First Affirmative Financial Network lifted its position in shares of Pearson by 8.7% during the fourth quarter. First Affirmative Financial Network now owns 16,519 shares of the company’s stock worth $203,000 after purchasing an additional 1,328 shares in the last quarter. QRG Capital Management Inc. boosted its position in Pearson by 8.4% in the 4th quarter. QRG Capital Management Inc. now owns 18,159 shares of the company’s stock valued at $223,000 after buying an additional 1,403 shares during the period. Natixis Advisors L.P. grew its stake in shares of Pearson by 2.5% in the third quarter. Natixis Advisors L.P. now owns 72,604 shares of the company’s stock worth $765,000 after acquiring an additional 1,743 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Pearson by 18.0% during the fourth quarter. Quadrant Capital Group LLC now owns 13,473 shares of the company’s stock worth $166,000 after acquiring an additional 2,054 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Pearson by 16.1% in the fourth quarter. Ballentine Partners LLC now owns 20,594 shares of the company’s stock valued at $253,000 after acquiring an additional 2,849 shares in the last quarter. 2.14% of the stock is owned by institutional investors and hedge funds.
Pearson Price Performance
Shares of NYSE:PSO opened at $12.06 on Friday. Pearson plc has a 52 week low of $10.15 and a 52 week high of $13.18. The company’s 50 day moving average is $12.37 and its two-hundred day moving average is $12.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.67.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 13th.
View Our Latest Analysis on PSO
Pearson Company Profile
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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Source: defenseworld.net
