Point72 Asset Management L.P. Buys Shares of 46,300 Pearson plc (NYSE:PSO)

Point72 Asset Management L.P. acquired a new stake in shares of Pearson plc (NYSE:PSO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 46,300 shares of the company's stock, valued at approximately $628,000.

Several other institutional investors have also bought and sold shares of the stock. Bank of Montreal Can acquired a new position in Pearson during the second quarter worth about $3,849,000. Renaissance Technologies LLC lifted 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 grew its holdings in shares of Pearson by 64.9% in the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company's stock worth $3,868,000 after acquiring an additional 122,054 shares during the last quarter. Millennium Management LLC raised its position in shares of Pearson by 66.3% during 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 purchased a new stake in Pearson during the second quarter valued at about $1,447,000. Institutional investors and hedge funds own 2.14% of the company's stock.

Pearson Stock Performance

PSO traded down $0.17 during trading on Thursday, reaching $16.11. 234,681 shares of the stock traded hands, compared to its average volume of 368,329. The stock's 50-day simple moving average is $14.68 and its two-hundred day simple moving average is $13.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. Pearson plc has a fifty-two week low of $11.69 and a fifty-two week high of $16.30.

Analyst Ratings Changes

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

Pearson 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.