Pearson (NYSE:PSO) Sees Unusually-High Trading Volume – Time to Buy?

Pearson plc (NYSE:PSO) shares saw strong trading volume on Tuesday . 1,033,990 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 546,783 shares.The stock last traded at $15.76 and had previously closed at $15.45.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Price Performance

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 firm’s 50 day moving average is $15.76 and its two-hundred day moving average is $14.32.

Hedge Funds Weigh In On Pearson

A number of institutional investors have recently modified their holdings of PSO. Rhumbline Advisers boosted its position in Pearson by 12.5% during the second quarter. Rhumbline Advisers now owns 11,518 shares of the company’s stock worth $144,000 after acquiring an additional 1,281 shares during the last quarter. Choreo LLC acquired a new stake in shares of Pearson during the second quarter worth $162,000. Renaissance Technologies LLC grew its position in shares of Pearson by 68.4% in the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after purchasing an additional 171,220 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Pearson by 4.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 70,156 shares of the company’s stock valued at $872,000 after purchasing an additional 2,703 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in 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 buying an additional 122,054 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.

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.