Skillsoft Corp. (NYSE:SKIL) Stake Lifted by AREX Capital Management LP

AREX Capital Management LP increased its stake in Skillsoft Corp. (NYSE:SKIL - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 341,721 shares of the company's stock after purchasing an additional 146,590 shares during the quarter. Skillsoft comprises about 11.7% of AREX Capital Management LP's holdings, making the stock its 3rd largest position. AREX Capital Management LP owned 4.13% of Skillsoft worth $8,188,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in Skillsoft in the 4th quarter worth about $251,000. Corient Private Wealth LLC bought a new stake in Skillsoft in the 4th quarter worth $286,000. JPMorgan Chase & Co. boosted its holdings in shares of Skillsoft by 12,013.1% during the fourth quarter. JPMorgan Chase & Co. now owns 16,595 shares of the company's stock worth $398,000 after purchasing an additional 16,458 shares during the period. Barclays PLC grew its stake in shares of Skillsoft by 644.5% in the fourth quarter. Barclays PLC now owns 18,896 shares of the company's stock worth $452,000 after purchasing an additional 16,358 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Skillsoft by 35.8% in the 4th quarter. Northern Trust Corp now owns 19,508 shares of the company's stock worth $467,000 after buying an additional 5,142 shares during the period. 87.00% of the stock is currently owned by institutional investors.

Skillsoft Trading Down 0.6 %

Shares of SKIL stock traded down $0.11 during trading hours on Monday, reaching $19.30. The company's stock had a trading volume of 13,698 shares, compared to its average volume of 51,433. The firm's fifty day simple moving average is $20.01 and its 200 day simple moving average is $21.37. Skillsoft Corp. has a one year low of $6.80 and a one year high of $34.43. The stock has a market capitalization of $160.60 million, a P/E ratio of -0.47 and a beta of 1.59. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77.

Skillsoft Company Profile

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.