Pearson PLC (NYSE:PSO) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 847,099 shares, a growth of 44.2% from the August 31st total of 587,528 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 440,687 shares, the days-to-cover ratio is presently 1.9 days.
PSO has been the subject of several research reports. Beaufort Securities reiterated a “buy” rating on shares of Pearson PLC in a research report on Monday, August 1st. Zacks Investment Research upgraded shares of Pearson PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Shore Capital reiterated a “hold” rating on shares of Pearson PLC in a research report on Sunday, July 31st. Societe Generale lowered shares of Pearson PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, BNP Paribas lowered shares of Pearson PLC from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 22nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold”.
Pearson PLC (NYSE:PSO) opened at 10.15 on Thursday. The company has a 50-day moving average of $10.66 and a 200 day moving average of $11.73. The stock has a market cap of $8.27 billion, a P/E ratio of 9.34 and a beta of 0.34. Pearson PLC has a 1-year low of $9.18 and a 1-year high of $18.78.
The business also recently announced a dividend, which was paid on Wednesday, September 21st. Shareholders of record on Friday, August 19th were given a $0.238 dividend. The ex-dividend date of this dividend was Wednesday, August 17th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its position in Pearson PLC by 13.2% in the second quarter. Jane Street Group LLC now owns 1,897,017 shares of the company’s stock worth $24,642,000 after buying an additional 220,969 shares during the last quarter. Usca Ria LLC boosted its position in Pearson PLC by 42.2% in the second quarter. Usca Ria LLC now owns 38,832 shares of the company’s stock worth $504,000 after buying an additional 11,529 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Pearson PLC by 23.1% in the second quarter. Parametric Portfolio Associates LLC now owns 499,599 shares of the company’s stock worth $6,490,000 after buying an additional 93,626 shares during the last quarter. KCG Holdings Inc. bought a new position in Pearson PLC during the second quarter worth approximately $388,000. Finally, OLD Mission Capital LLC bought a new position in Pearson PLC during the second quarter worth approximately $3,451,000. 2.10% of the stock is currently owned by institutional investors.
Pearson PLC Company Profile
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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