Creative Planning Purchases 13,017 Shares of Pearson plc (NYSE:PSO)

Creative Planning boosted its position in shares of Pearson plc (NYSE:PSO) by 23.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,047 shares of the company’s stock after acquiring an additional 13,017 shares during the period. Creative Planning’s holdings in Pearson were worth $923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSO. Bank of Montreal Can bought a new stake in Pearson during the 2nd quarter worth approximately $3,849,000. Renaissance Technologies LLC grew its holdings 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 buying an additional 171,220 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Pearson by 64.9% during the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock valued at $3,868,000 after buying an additional 122,054 shares in the last quarter. Millennium Management LLC grew its holdings 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 buying an additional 118,822 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Pearson during the 2nd quarter valued at approximately $1,447,000. Institutional investors own 2.14% of the company’s stock.

Pearson Stock Up 1.9 %

PSO stock opened at $14.88 on Friday. The firm has a fifty day moving average price of $13.71 and a 200 day moving average price of $13.01. Pearson plc has a fifty-two week low of $11.63 and a fifty-two week high of $14.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PSO shares. StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Citigroup raised shares of Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

About Pearson

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.