Pearson (NYSE:PSO) Downgraded to "Hold" at StockNews.com

Pearson (NYSE:PSO - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.

Separately, Citigroup upgraded shares of Pearson to a "strong-buy" rating in a research note on Tuesday, July 30th.

Pearson Stock Up 2.8 %

PSO traded up $0.38 on Monday, hitting $13.90. 419,107 shares of the company's stock traded hands, compared to its average volume of 362,214. The company's 50 day simple moving average is $13.62 and its 200-day simple moving average is $12.95. Pearson has a one year low of $11.35 and a one year high of $14.20. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Institutional Trading of Pearson

Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in shares of Pearson during the 2nd quarter valued at approximately $3,849,000. Renaissance Technologies LLC boosted its position in shares of Pearson by 68.4% during 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. Hsbc Holdings PLC boosted its position in shares of Pearson by 64.9% during the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company's stock valued at $3,868,000 after acquiring an additional 122,054 shares during the last quarter. Millennium Management LLC grew its position 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 acquiring an additional 118,822 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Pearson in the second quarter worth about $1,447,000. Hedge funds and other institutional investors own 2.14% of the company's stock.

About Pearson

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.

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