First Affirmative Financial Network Sells 1,747 Shares of Pearson plc (NYSE:PSO)

First Affirmative Financial Network lessened its stake in shares of Pearson plc (NYSE:PSO) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,002 shares of the company’s stock after selling 1,747 shares during the quarter. First Affirmative Financial Network’s holdings in Pearson were worth $242,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP bought a new stake in Pearson during the second quarter valued at about $1,447,000. Bank of Montreal Can boosted its stake in Pearson by 31.6% during the 3rd quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after purchasing an additional 97,443 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Pearson by 61.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after buying an additional 58,136 shares during the last quarter. Millennium Management LLC increased its position 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 during the period. Finally, FMR LLC lifted its holdings in shares of Pearson by 20.7% during the third quarter. FMR LLC now owns 275,310 shares of the company’s stock worth $3,736,000 after buying an additional 47,296 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

Pearson Trading Up 3.5 %

NYSE:PSO opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The firm has a 50-day moving average price of $15.89 and a 200 day moving average price of $14.53. Pearson plc has a 12-month low of $11.69 and a 12-month high of $16.91.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

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.