Rockefeller Capital Management L.P. lifted its stake in Pearson plc (NYSE:PSO - Free Report) by 55.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,190 shares of the company's stock after buying an additional 61,666 shares during the period. Rockefeller Capital Management L.P.'s holdings in Pearson were worth $2,337,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PSO. Bank of Montreal Can purchased a new stake in Pearson in the second quarter valued at approximately $3,849,000. 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 period. Hsbc Holdings PLC raised its position in Pearson by 64.9% in the 2nd 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 during the last quarter. Millennium Management LLC boosted its stake in Pearson by 66.3% during the 2nd 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 purchased a new position in Pearson during the 2nd quarter worth $1,447,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Pearson from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.
Read Our Latest Stock Analysis on Pearson
Pearson Stock Down 0.1 %
Pearson stock traded down $0.01 during mid-day trading on Friday, reaching $15.90. 172,574 shares of the company were exchanged, compared to its average volume of 364,017. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm's 50-day simple moving average is $14.54 and its two-hundred day simple moving average is $13.55. Pearson plc has a twelve month low of $11.69 and a twelve month high of $15.92.
About Pearson
(
Free Report)
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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