Aperio Group LLC grew its stake in shares of Pearson PLC (NYSE:PSO) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 562,434 shares of the company’s stock after acquiring an additional 34,313 shares during the period. Aperio Group LLC owned 0.07% of Pearson worth $6,479,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Pearson during the second quarter worth $102,000. Atria Investments LLC acquired a new position in shares of Pearson during the third quarter worth $121,000. Atlas Capital Advisors LLC acquired a new position in shares of Pearson during the second quarter worth $232,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Pearson during the second quarter worth $249,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Pearson by 8.7% during the first quarter. Guggenheim Capital LLC now owns 52,715 shares of the company’s stock worth $555,000 after purchasing an additional 4,211 shares during the period. 1.41% of the stock is currently owned by institutional investors.
Shares of PSO stock traded up $0.24 during trading on Thursday, reaching $12.16. 333,154 shares of the company’s stock traded hands, compared to its average volume of 275,634. The stock has a market capitalization of $9.31 billion, a P/E ratio of 17.37 and a beta of 0.06. The company has a current ratio of 1.97, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. Pearson PLC has a 1 year low of $8.94 and a 1 year high of $12.73.
Separately, Citigroup lowered shares of Pearson from a “buy” rating to a “neutral” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.00.
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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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