Pearson plc (NYSE:PSO – Get Rating) was the target of a significant increase in short interest in December. As of December 30th, there was short interest totalling 618,100 shares, an increase of 21.4% from the December 15th total of 509,100 shares. Based on an average trading volume of 389,500 shares, the short-interest ratio is presently 1.6 days. Currently, 0.1% of the company's stock are short sold.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on PSO shares. UBS Group upgraded shares of Pearson from a "sell" rating to a "neutral" rating in a research note on Monday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Pearson from GBX 900 ($10.98) to GBX 1,140 ($13.91) in a report on Wednesday, October 5th. Credit Suisse Group upped their target price on shares of Pearson from GBX 975 ($11.90) to GBX 998 ($12.18) in a report on Monday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Pearson from GBX 1,060 ($12.93) to GBX 1,200 ($14.64) in a report on Monday, December 12th. Finally, Exane BNP Paribas cut shares of Pearson from an "outperform" rating to a "neutral" rating in a report on Thursday, December 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1,015.43.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in PSO. Veriti Management LLC grew its position in shares of Pearson by 46.4% in the fourth quarter. Veriti Management LLC now owns 21,842 shares of the company's stock valued at $246,000 after purchasing an additional 6,921 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Pearson in the fourth quarter valued at approximately $146,000. Ronald Blue Trust Inc. grew its position in shares of Pearson by 6,495.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 2,770 shares of the company's stock valued at $26,000 after purchasing an additional 2,728 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Pearson in the third quarter valued at approximately $141,000. Finally, Pathstone Family Office LLC grew its position in shares of Pearson by 9.6% in the third quarter. Pathstone Family Office LLC now owns 26,488 shares of the company's stock valued at $253,000 after purchasing an additional 2,310 shares during the last quarter. 2.83% of the stock is currently owned by institutional investors and hedge funds.
Pearson Stock Down 1.9 %
PSO traded down $0.22 on Friday, hitting $11.40. 279,154 shares of the company were exchanged, compared to its average volume of 242,287. The company has a current ratio of 1.95, a quick ratio of 1.88 and a debt-to-equity ratio of 0.26. The business's fifty day moving average is $11.37 and its 200 day moving average is $10.58. Pearson has a fifty-two week low of $8.05 and a fifty-two week high of $12.03.
Pearson Company Profile
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Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management.
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