Charles Schwab Investment Management Inc. Purchases 10,424 Shares of Pearson plc (NYSE:PSO)

Charles Schwab Investment Management Inc. lifted its position in shares of Pearson plc (NYSE:PSO) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,545 shares of the company’s stock after purchasing an additional 10,424 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Pearson were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PSO. Renaissance Technologies LLC increased its stake in Pearson by 68.4% during the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after purchasing an additional 171,220 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Pearson in the second quarter valued at approximately $1,447,000. Crossmark Global Holdings Inc. increased its position in shares of Pearson by 61.1% during the third quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock worth $2,081,000 after acquiring an additional 58,136 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Pearson by 66.3% during the second quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after acquiring an additional 118,822 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Pearson by 12.9% during the third quarter. Signaturefd LLC now owns 16,934 shares of the company’s stock worth $230,000 after acquiring an additional 1,939 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pearson Stock Up 0.3 %

Shares of NYSE PSO opened at $16.16 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The stock has a 50 day moving average price of $14.84 and a 200 day moving average price of $13.73. Pearson plc has a 52 week low of $11.69 and a 52 week high of $16.30.

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.