Pearson (NYSE:PSO) Reaches New 12-Month High - Here's Why

Pearson plc (NYSE:PSO - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.11 and last traded at $16.94, with a volume of 101 shares changing hands. The stock had previously closed at $16.94.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PSO shares. The Goldman Sachs Group upgraded shares of Pearson to a "strong-buy" rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of Pearson from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

Pearson Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $16.25 and a two-hundred day moving average price of $14.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in shares of Pearson by 7.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,944 shares of the company's stock valued at $225,000 after buying an additional 941 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Pearson by 0.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 154,460 shares of the company's stock valued at $2,490,000 after acquiring an additional 1,122 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Pearson by 6.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,263 shares of the company's stock worth $311,000 after purchasing an additional 1,219 shares during the period. Gitterman Wealth Management LLC grew its holdings in Pearson by 9.0% during the fourth quarter. Gitterman Wealth Management LLC now owns 15,397 shares of the company's stock worth $248,000 after acquiring an additional 1,276 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Pearson by 7.3% during the 4th quarter. Ameriprise Financial Inc. now owns 19,547 shares of the company's stock worth $315,000 after purchasing an additional 1,335 shares during the period. 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.