Choreo LLC Takes Position in Pearson plc (NYSE:PSO)

Choreo LLC acquired a new position in Pearson plc (NYSE:PSO) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 13,053 shares of the company’s stock, valued at approximately $162,000.

A number of other large investors have also recently added to or reduced their stakes in PSO. Lester Murray Antman dba SimplyRich increased its position in Pearson by 2.5% during the second quarter. Lester Murray Antman dba SimplyRich now owns 32,239 shares of the company’s stock worth $402,000 after buying an additional 799 shares in the last quarter. GAMMA Investing LLC increased its position in Pearson by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $35,000 after purchasing an additional 839 shares in the last quarter. CWM LLC raised its stake in Pearson by 22.5% in the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock valued at $58,000 after purchasing an additional 855 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in Pearson by 8.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 12,905 shares of the company’s stock valued at $172,000 after purchasing an additional 1,007 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares during the last quarter. 2.14% of the stock is owned by institutional investors and hedge funds.

Pearson Stock Performance

PSO opened at $13.60 on Friday. Pearson plc has a 12 month low of $10.31 and a 12 month high of $14.20. The business has a 50-day moving average of $13.51 and a two-hundred day moving average of $12.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Pearson Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 9th were issued a $0.095 dividend. The ex-dividend date was Friday, August 9th. This represents a yield of 2.2%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PSO. Citigroup raised shares of Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th. StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th.

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.