Pearson (NYSE:PSO) Reaches New 1-Year High – Time to Buy?

Pearson, PLC (NYSE:PSO) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.64 and last traded at $15.4850, with a volume of 398241 shares traded. The stock had previously closed at $15.30.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Pearson Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The stock has a 50 day simple moving average of $14.38 and a 200 day simple moving average of $13.62.

Hedge Funds Weigh In On Pearson

Large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its stake in Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 1,590 shares during the period. Kestra Advisory Services LLC purchased a new position in Pearson in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC grew its position in shares of Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after buying an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pearson in the 4th quarter worth approximately $42,000. Finally, Royal Bank of Canada grew its position in shares of Pearson by 86.5% in the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock worth $74,000 after buying an additional 2,604 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.