Pearson (NYSE:PSO) Raised to “Strong-Buy” at The Goldman Sachs Group

Pearson (NYSE:PSO) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

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

Pearson Trading Down 1.2 %

Pearson stock opened at $16.68 on Thursday. The firm’s 50 day moving average price is $15.95 and its two-hundred day moving average price is $14.57. Pearson has a twelve month low of $11.69 and a twelve month high of $16.91. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Institutional Trading of Pearson

A number of institutional investors and hedge funds have recently modified their holdings of PSO. Crossmark Global Holdings Inc. raised its holdings in Pearson by 0.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 154,460 shares of the company’s stock worth $2,490,000 after acquiring an additional 1,122 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Pearson by 86.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after purchasing an additional 1,462 shares during the last quarter. Versant Capital Management Inc bought a new stake in Pearson during the 4th quarter valued at approximately $26,000. Truist Financial Corp increased its position in Pearson by 15.9% in the 4th quarter. Truist Financial Corp now owns 11,842 shares of the company’s stock worth $191,000 after buying an additional 1,625 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Pearson by 12.9% during the third quarter. Signaturefd LLC now owns 16,934 shares of the company’s stock worth $230,000 after buying an additional 1,939 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

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.