Pearson PLC (NYSE:PSO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 847,099 shares, an increase of 44.2% from the August 31st total of 587,528 shares. Based on an average trading volume of 440,687 shares, the short-interest ratio is presently 1.9 days. Approximately 0.1% of the shares of the company are short sold.
Several research firms have commented on PSO. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson PLC in a research note on Tuesday, June 21st. Shore Capital reissued a “hold” rating on shares of Pearson PLC in a research note on Tuesday, June 21st. Societe Generale cut shares of Pearson PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Beaufort Securities reissued a “buy” rating on shares of Pearson PLC in a research note on Monday, August 1st. Finally, Morgan Stanley raised shares of Pearson PLC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 12th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold”.
Institutional investors have recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its position in shares of Pearson PLC by 9.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,249 shares of the company’s stock valued at $107,000 after buying an additional 724 shares in the last quarter. Cutler Group LP increased its position in shares of Pearson PLC by 78.7% in the first quarter. Cutler Group LP now owns 10,034 shares of the company’s stock valued at $125,000 after buying an additional 4,418 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of Pearson PLC during the second quarter valued at about $142,000. Bellecapital International Ltd. purchased a new position in shares of Pearson PLC during the second quarter valued at about $146,000. Finally, Jefferies Group LLC purchased a new position in shares of Pearson PLC during the second quarter valued at about $168,000. 2.10% of the stock is owned by hedge funds and other institutional investors.
Pearson PLC (NYSE:PSO) opened at 9.79 on Monday. Pearson PLC has a 52-week low of $9.18 and a 52-week high of $18.78. The stock has a 50 day moving average of $10.79 and a 200 day moving average of $11.80. The stock has a market capitalization of $7.98 billion, a P/E ratio of 9.01 and a beta of 0.32.
The company also recently declared a dividend, which was paid on Wednesday, September 21st. Investors of record on Friday, August 19th were issued a dividend of $0.238 per share. The ex-dividend date was Wednesday, August 17th.
About Pearson PLC
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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