Jane Street Group LLC Sells 52,311 Shares of Pearson plc (NYSE:PSO)

Jane Street Group LLC cut its holdings in Pearson plc (NYSE:PSO) by 69.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,073 shares of the company’s stock after selling 52,311 shares during the period. Jane Street Group LLC’s holdings in Pearson were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Natixis Advisors LLC lifted its holdings in Pearson by 4.0% during the second quarter. Natixis Advisors LLC now owns 85,599 shares of the company’s stock valued at $1,068,000 after purchasing an additional 3,273 shares during the last quarter. Rhumbline Advisers raised its position in Pearson by 12.5% in the 2nd quarter. Rhumbline Advisers now owns 11,518 shares of the company’s stock worth $144,000 after purchasing an additional 1,281 shares during the period. Choreo LLC bought a new stake in Pearson in the second quarter worth $162,000. Renaissance Technologies LLC increased 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 purchasing an additional 171,220 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Pearson by 4.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 70,156 shares of the company’s stock worth $872,000 after acquiring an additional 2,703 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Pearson Stock Performance

Shares of PSO opened at $16.09 on Friday. Pearson plc has a 52 week low of $11.69 and a 52 week high of $16.43. The stock has a market cap of $10.72 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.75 and a beta of 0.41. The business’s 50 day moving average price is $15.71 and its 200-day moving average price is $14.20. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

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.