Caprock Group LLC Invests $146,000 in Pearson plc (NYSE:PSO)

Caprock Group LLC bought a new stake in shares of Pearson plc (NYSE:PSO) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 10,764 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Pearson in the second quarter valued at approximately $3,849,000. Renaissance Technologies LLC grew its holdings in Pearson by 68.4% during the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after purchasing an additional 171,220 shares in the last quarter. Hsbc Holdings PLC increased its stake in Pearson by 64.9% during the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after buying an additional 122,054 shares during the period. Millennium Management LLC lifted its holdings in Pearson by 66.3% in the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after buying an additional 118,822 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Pearson in the 2nd quarter valued at about $1,447,000. 2.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PSO shares. Citigroup raised Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th. StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pearson Stock Up 0.7 %

Shares of PSO stock opened at $15.47 on Tuesday. The firm has a fifty day moving average of $14.14 and a two-hundred day moving average of $13.32. Pearson plc has a 1-year low of $11.64 and a 1-year high of $15.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72.

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.