Pearson (NYSE:PSO) Coverage Initiated at Citigroup

Equities researchers at Citigroup initiated coverage on shares of Pearson (NYSE:PSO) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a “buy” rating on the stock.

PSO has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Morgan Stanley started coverage on shares of Pearson in a research note on Monday, October 20th. They issued an “equal weight” rating for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Pearson in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Pearson presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Pearson Trading Up 1.0%

Shares of PSO traded up $0.15 during midday trading on Monday, reaching $14.39. The company had a trading volume of 85,256 shares, compared to its average volume of 622,067. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $13.59 and a 200-day simple moving average of $14.12. Pearson has a 1-year low of $12.85 and a 1-year high of $17.90.

Institutional Trading of Pearson

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC increased its holdings in Pearson by 19.7% in the 4th quarter. Park Avenue Securities LLC now owns 14,024 shares of the company’s stock valued at $197,000 after acquiring an additional 2,308 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Pearson by 12.3% during the fourth quarter. GAMMA Investing LLC now owns 8,397 shares of the company’s stock valued at $118,000 after acquiring an additional 922 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after buying an additional 1,590 shares during the period. PharVision Advisers LLC bought a new stake in Pearson during the 3rd quarter valued at $235,000. Finally, XTX Topco Ltd increased its holdings in shares of Pearson by 153.8% during the third quarter. XTX Topco Ltd now owns 58,088 shares of the company’s stock valued at $823,000 after acquiring an additional 35,200 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.