Zacks Investment Research Upgrades Pearson (NYSE:PSO) to “Hold”

Pearson (NYSE:PSO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “

A number of other research firms have also issued reports on PSO. UBS Group upgraded shares of Pearson from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. Citigroup upgraded shares of Pearson from a “neutral” rating to a “buy” rating in a report on Monday, July 29th.

Pearson stock opened at $8.67 on Friday. Pearson has a 52-week low of $8.46 and a 52-week high of $13.19. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $9.71 and its two-hundred day moving average is $10.27.

Several institutional investors and hedge funds have recently made changes to their positions in PSO. Jane Street Group LLC acquired a new stake in shares of Pearson in the 2nd quarter valued at $3,134,000. Parametric Portfolio Associates LLC grew its position in Pearson by 10.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,278,370 shares of the company’s stock worth $13,244,000 after purchasing an additional 123,120 shares during the last quarter. Cowen Inc. purchased a new position in Pearson during the 2nd quarter worth $1,036,000. Henry James International Management Inc. grew its position in Pearson by 26.4% during the 3rd quarter. Henry James International Management Inc. now owns 329,680 shares of the company’s stock worth $2,980,000 after purchasing an additional 68,950 shares during the last quarter. Finally, Northern Trust Corp grew its position in Pearson by 7.7% during the 2nd quarter. Northern Trust Corp now owns 813,537 shares of the company’s stock worth $8,429,000 after purchasing an additional 58,245 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Pearson Company Profile

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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