Pearson PLC (NYSE:PSO)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $10.76 and last traded at $10.75, with a volume of 343146 shares. The stock had previously closed at $10.61.
Separately, Zacks Investment Research downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.00.
The company has a quick ratio of 1.94, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.
The business also recently declared a special dividend, which will be paid on Wednesday, May 16th. Investors of record on Friday, April 6th will be paid a $0.1666 dividend. The ex-dividend date of this dividend is Thursday, April 5th.
Hedge funds have recently added to or reduced their stakes in the stock. Jefferies Group LLC bought a new position in Pearson in the fourth quarter worth about $207,000. FDx Advisors Inc. raised its stake in Pearson by 81.8% in the third quarter. FDx Advisors Inc. now owns 31,166 shares of the company’s stock worth $254,000 after buying an additional 14,025 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Pearson by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 44,682 shares of the company’s stock worth $438,000 after buying an additional 6,140 shares in the last quarter. Mackenzie Financial Corp raised its stake in Pearson by 72.1% in the third quarter. Mackenzie Financial Corp now owns 46,693 shares of the company’s stock worth $380,000 after buying an additional 19,561 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Pearson by 25.8% in the fourth quarter. Guggenheim Capital LLC now owns 48,504 shares of the company’s stock worth $476,000 after buying an additional 9,957 shares in the last quarter. 1.33% of the stock is owned by institutional investors.
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Pearson Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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