Dorsey Wright & Associates Cuts Stake in Pearson, PLC $PSO

Dorsey Wright & Associates cut its stake in shares of Pearson, PLC (NYSE:PSO) by 38.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 78,634 shares of the company’s stock after selling 48,911 shares during the period. Dorsey Wright & Associates’ holdings in Pearson were worth $1,174,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Pearson during the 1st quarter valued at about $1,396,000. Assetmark Inc. grew its holdings in shares of Pearson by 68.2% during the second quarter. Assetmark Inc. now owns 10,432 shares of the company’s stock valued at $156,000 after buying an additional 4,230 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Pearson by 145.9% during the second quarter. QRG Capital Management Inc. now owns 157,281 shares of the company’s stock valued at $2,348,000 after buying an additional 93,310 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Pearson by 146.3% during the first quarter. Envestnet Asset Management Inc. now owns 151,413 shares of the company’s stock valued at $2,424,000 after acquiring an additional 89,949 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in Pearson by 203.8% in the 1st quarter. Townsquare Capital LLC now owns 50,297 shares of the company’s stock worth $805,000 after acquiring an additional 33,743 shares during the last quarter. Institutional investors own 2.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PSO shares. Morgan Stanley assumed coverage on Pearson in a research note on Monday, October 20th. They set an “equal weight” rating on the stock. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Pearson in a report on Monday, August 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Pearson in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Pearson presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Pearson Stock Down 0.2%

PSO stock opened at $13.17 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31. Pearson, PLC has a 1 year low of $12.88 and a 1 year high of $17.90. The stock’s fifty day moving average price is $14.04 and its 200-day moving average price is $14.61.

Pearson 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.