JNBA Financial Advisors Boosts Stake in Pearson plc (NYSE:PSO)

JNBA Financial Advisors lifted its stake in shares of Pearson plc (NYSE:PSO) by 44.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,121 shares of the company’s stock after acquiring an additional 8,659 shares during the period. JNBA Financial Advisors’ holdings in Pearson were worth $382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Pearson by 88.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Pearson by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after buying an additional 839 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Pearson by 86.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after buying an additional 1,462 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Pearson in the first quarter worth approximately $42,000. Finally, CWM LLC grew its position in Pearson by 22.5% during the second quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after acquiring an additional 855 shares during the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Stock Down 0.7 %

Shares of PSO stock opened at $15.29 on Thursday. The business has a 50-day moving average of $13.80 and a 200 day moving average of $13.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. Pearson plc has a 1-year low of $11.64 and a 1-year high of $15.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Citigroup raised shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

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.