ABC Arbitrage SA Invests $4.78 Million in Pearson plc (NYSE:PSO)

ABC Arbitrage SA bought a new position in shares of Pearson plc (NYSE:PSO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 296,512 shares of the company's stock, valued at approximately $4,780,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC acquired a new stake in Pearson during the fourth quarter worth about $181,000. Blue Trust Inc. lifted its holdings in shares of Pearson by 53.6% during the 4th quarter. Blue Trust Inc. now owns 38,697 shares of the company's stock worth $624,000 after acquiring an additional 13,499 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Pearson by 0.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 154,460 shares of the company's stock worth $2,490,000 after acquiring an additional 1,122 shares during the period. Ballentine Partners LLC boosted its position in shares of Pearson by 13.7% during the 4th quarter. Ballentine Partners LLC now owns 33,042 shares of the company's stock worth $533,000 after acquiring an additional 3,990 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Pearson by 78.5% in the fourth quarter. GAMMA Investing LLC now owns 8,869 shares of the company's stock valued at $143,000 after acquiring an additional 3,901 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Stock Up 0.7 %

NYSE:PSO traded up $0.12 on Wednesday, hitting $17.16. The company had a trading volume of 374,720 shares, compared to its average volume of 414,054. The firm has a 50 day moving average of $16.23 and a two-hundred day moving average of $14.90. Pearson plc has a 52 week low of $11.78 and a 52 week high of $17.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72.

Analyst Ratings Changes

A number of brokerages have weighed in on PSO. StockNews.com downgraded Pearson from a "buy" rating to a "hold" rating in a report on Friday, November 15th. The Goldman Sachs Group raised Pearson to a "strong-buy" rating in a research note on Thursday, January 30th.

Pearson Company 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.