Pearson plc (NYSE:PSO) Shares Acquired by Fmr LLC

FMR LLC boosted its stake in Pearson plc (NYSE:PSO - Free Report) by 20.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,310 shares of the company's stock after buying an additional 47,296 shares during the period. FMR LLC's holdings in Pearson were worth $3,736,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Pearson in the 2nd quarter valued at approximately $3,849,000. Renaissance Technologies LLC increased its holdings in shares of Pearson by 68.4% during the second quarter. Renaissance Technologies LLC now owns 421,620 shares of the company's stock valued at $5,262,000 after purchasing an additional 171,220 shares during the period. Hsbc Holdings PLC raised its stake in shares of Pearson by 64.9% during the second quarter. Hsbc Holdings PLC now owns 310,054 shares of the company's stock valued at $3,868,000 after purchasing an additional 122,054 shares in the last quarter. Millennium Management LLC lifted its holdings in Pearson by 66.3% in the second quarter. Millennium Management LLC now owns 298,063 shares of the company's stock worth $3,720,000 after purchasing an additional 118,822 shares during the period. Finally, Marshall Wace LLP bought a new position in Pearson in the 2nd quarter valued at about $1,447,000. 2.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Pearson Stock Up 0.3 %

PSO traded up $0.05 during trading on Friday, reaching $16.09. The stock had a trading volume of 258,409 shares, compared to its average volume of 368,399. The stock has a 50 day moving average of $14.79 and a two-hundred day moving average of $13.69. 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 $11.69 and a 1-year high of $16.30.

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.