AREX Capital Management LP boosted its stake in Skillsoft Corp. (NYSE:SKIL - Free Report) by 75.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 341,721 shares of the company's stock after buying an additional 146,590 shares during the period. Skillsoft accounts for approximately 11.7% of AREX Capital Management LP's portfolio, making the stock its 3rd largest position. AREX Capital Management LP owned 4.13% of Skillsoft worth $8,188,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Skillsoft by 7.5% in the third quarter. Geode Capital Management LLC now owns 45,622 shares of the company's stock worth $707,000 after purchasing an additional 3,182 shares during the last quarter. Corient Private Wealth LLC purchased a new position in Skillsoft in the 4th quarter worth approximately $286,000. JPMorgan Chase & Co. grew its stake in Skillsoft by 12,013.1% during the fourth quarter. JPMorgan Chase & Co. now owns 16,595 shares of the company's stock valued at $398,000 after acquiring an additional 16,458 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Skillsoft by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 81,080 shares of the company's stock worth $1,943,000 after buying an additional 6,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Skillsoft by 644.5% during the 4th quarter. Barclays PLC now owns 18,896 shares of the company's stock worth $452,000 after acquiring an additional 16,358 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company's stock.
Skillsoft Price Performance
Shares of Skillsoft stock traded up $0.89 during trading hours on Thursday, reaching $19.45. The company's stock had a trading volume of 14,990 shares, compared to its average volume of 50,982. Skillsoft Corp. has a one year low of $6.98 and a one year high of $34.43. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day moving average price of $19.76 and a 200-day moving average price of $21.34. The stock has a market cap of $161.84 million, a P/E ratio of -0.47 and a beta of 1.59.
Skillsoft Company Profile
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Free Report)
Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.
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