Pearson (NYSE:PSO) Reaches New 52-Week High - Here's Why

Pearson plc (NYSE:PSO - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $14.29 and last traded at $14.25, with a volume of 9293 shares. The stock had previously closed at $13.90.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PSO shares. StockNews.com lowered Pearson from a "buy" rating to a "hold" rating in a research report on Monday. Citigroup upgraded Pearson to a "strong-buy" rating in a research report on Tuesday, July 30th.

Pearson Stock Performance

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's fifty day simple moving average is $13.63 and its 200 day simple moving average is $12.95.

Hedge Funds Weigh In On Pearson

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in Pearson by 9,603.7% in the 1st quarter. Russell Investments Group Ltd. now owns 39,785 shares of the company's stock valued at $524,000 after purchasing an additional 39,375 shares in the last quarter. 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 valued at $5,262,000 after acquiring an additional 171,220 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Pearson in the 2nd quarter valued at about $1,447,000. Millennium Management LLC increased its holdings in shares of Pearson by 66.3% in the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company's stock valued at $3,720,000 after acquiring an additional 118,822 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Pearson by 88.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company's stock valued at $29,000 after acquiring an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company's stock.

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.