Pearson (NYSE:PSO) Hits New 1-Year High – Should You Buy?

Pearson plc (NYSE:PSO)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $16.80 and last traded at $16.80, with a volume of 804 shares changing hands. The stock had previously closed at $16.16.

Wall Street Analyst Weigh In

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

Pearson Stock Performance

The firm has a 50-day moving average of $15.21 and a 200-day moving average of $13.91. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.75 and a beta of 0.41.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in Pearson by 12.5% during the second quarter. Rhumbline Advisers now owns 11,518 shares of the company’s stock valued at $144,000 after purchasing an additional 1,281 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pearson by 86.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock valued at $43,000 after buying an additional 1,462 shares during the period. Signaturefd LLC raised its position in Pearson by 12.9% during the third quarter. Signaturefd LLC now owns 16,934 shares of the company’s stock valued at $230,000 after acquiring an additional 1,939 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Pearson by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $61,000 after acquiring an additional 2,096 shares during the period. Finally, GAMMA Investing LLC grew its position in Pearson by 78.6% during the third quarter. GAMMA Investing LLC now owns 4,968 shares of the company’s stock valued at $67,000 after buying an additional 2,186 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

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.