Geode Capital Management LLC Sells 13,333 Shares of Pearson plc (NYSE:PSO)

Geode Capital Management LLC trimmed its holdings in Pearson plc (NYSE:PSO) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,153 shares of the company’s stock after selling 13,333 shares during the quarter. Geode Capital Management LLC’s holdings in Pearson were worth $3,815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in shares of Pearson during the second quarter valued at $3,849,000. Renaissance Technologies LLC lifted its position in 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 purchasing an additional 171,220 shares during the period. Hsbc Holdings PLC boosted its stake in shares of 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 grew its position in shares of 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 buying an additional 118,822 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Pearson during the second quarter worth approximately $1,447,000. Institutional investors and hedge funds own 2.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Trading Up 0.3 %

NYSE PSO opened at $16.01 on Tuesday. Pearson plc has a 12 month low of $11.69 and a 12 month high of $16.30. The stock has a 50-day simple moving average of $15.61 and a 200 day simple moving average of $14.15. 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 market capitalization of $10.67 billion, a PE ratio of 18.19, a P/E/G ratio of 2.75 and a beta of 0.41.

Pearson Company 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.