Jane Street Group LLC raised its stake in Pearson, PLC (NYSE:PSO) by 9.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,079,725 shares of the company’s stock after buying an additional 182,708 shares during the period. Jane Street Group LLC owned 0.26% of Pearson, PLC worth $20,361,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in shares of Pearson, PLC during the third quarter worth approximately $104,000. Bellecapital International Ltd. purchased a new stake in shares of Pearson, PLC during the second quarter worth approximately $146,000. Lapides Asset Management LLC boosted its stake in shares of Pearson, PLC by 11.0% in the second quarter. Lapides Asset Management LLC now owns 13,100 shares of the company’s stock worth $170,000 after buying an additional 1,300 shares during the period. Quantbot Technologies LP boosted its stake in shares of Pearson, PLC by 1,877.6% in the third quarter. Quantbot Technologies LP now owns 18,609 shares of the company’s stock worth $182,000 after buying an additional 17,668 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of Pearson, PLC during the third quarter worth approximately $209,000. 2.15% of the stock is owned by institutional investors and hedge funds.
Shares of Pearson, PLC (NYSE:PSO) opened at 8.15 on Friday. Pearson, PLC has a one year low of $7.04 and a one year high of $13.20. The company’s 50-day moving average price is $8.77 and its 200-day moving average price is $9.94. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 7.81 and a beta of 0.34.
PSO has been the subject of a number of research reports. Societe Generale raised Pearson, PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Zacks Investment Research raised Pearson, PLC from a “sell” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, December 28th. Morgan Stanley cut Pearson, PLC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 26th. Deutsche Bank AG raised Pearson, PLC from a “sell” rating to a “hold” rating in a research note on Thursday, January 19th. Finally, Credit Suisse Group raised Pearson, PLC from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.00.
About Pearson, PLC
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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