Versant Capital Management Inc Invests $26,000 in Pearson plc (NYSE:PSO)

Versant Capital Management Inc purchased a new position in Pearson plc (NYSE:PSO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,625 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors also recently added to or reduced their stakes in PSO. Renaissance Technologies LLC grew its stake in Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after acquiring an additional 171,220 shares in the last quarter. Bank of Montreal Can grew its stake in Pearson by 31.6% in the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock worth $5,536,000 after purchasing an additional 97,443 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Pearson by 64.9% during the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after purchasing an additional 122,054 shares during the period. Millennium Management LLC raised its position in Pearson by 66.3% during the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after purchasing an additional 118,822 shares in the last quarter. Finally, FMR LLC grew its position in shares of Pearson by 20.7% during the 3rd quarter. FMR LLC now owns 275,310 shares of the company’s stock worth $3,736,000 after buying an additional 47,296 shares in the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pearson Price Performance

NYSE PSO opened at $16.34 on Wednesday. The company has a market cap of $10.89 billion, a PE ratio of 18.57, a P/E/G ratio of 2.75 and a beta of 0.41. Pearson plc has a 52-week low of $11.69 and a 52-week high of $16.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The firm’s 50 day moving average price is $15.61 and its 200-day moving average price is $14.15.

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.