Bank of Montreal Can Purchases 97,443 Shares of Pearson plc (NYSE:PSO)

Bank of Montreal Can boosted its holdings in Pearson plc (NYSE:PSO - Free Report) by 31.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 405,852 shares of the company's stock after purchasing an additional 97,443 shares during the period. Bank of Montreal Can owned about 0.06% of Pearson worth $5,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in shares of Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company's stock worth $5,262,000 after acquiring an additional 171,220 shares during the period. Marshall Wace LLP purchased a new stake in Pearson during the second quarter valued at about $1,447,000. Crossmark Global Holdings Inc. boosted its stake in Pearson by 61.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company's stock worth $2,081,000 after purchasing an additional 58,136 shares during the period. Millennium Management LLC raised its position in Pearson by 66.3% during the second quarter. Millennium Management LLC now owns 298,063 shares of the company's stock valued at $3,720,000 after buying an additional 118,822 shares during the period. Finally, Signaturefd LLC lifted its position in Pearson by 12.9% in the 3rd quarter. Signaturefd LLC now owns 16,934 shares of the company's stock worth $230,000 after buying an additional 1,939 shares in the last quarter. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Pearson Price Performance

Shares of NYSE PSO traded up $0.07 during trading hours on Wednesday, reaching $15.75. The stock had a trading volume of 172,498 shares, compared to its average volume of 370,299. Pearson plc has a twelve month low of $11.69 and a twelve month high of $15.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The business's fifty day moving average is $14.45 and its two-hundred day moving average is $13.49.

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.