Informed Momentum Co LLC Purchases New Position in Skillsoft Corp. (NYSE:SKIL)

Key Points

• Informed Momentum Co LLC acquired a new position in Skillsoft Corp., purchasing 31,488 shares valued at approximately $606,000, representing 0.38% of the company.
• Multiple institutional investors have significantly increased their stakes in Skillsoft, with JPMorgan Chase & Co. boosting its position by an astounding 12,013.1% in the fourth quarter.
• Skillsoft's quarterly earnings showed a loss of ($0.23) EPS, yet beat analysts' consensus expectations, while the company reported revenue of $124.20 million, below the anticipated $130.97 million.

Informed Momentum Co LLC purchased a new stake in Skillsoft Corp. (NYSE:SKIL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,488 shares of the company's stock, valued at approximately $606,000. Informed Momentum Co LLC owned approximately 0.38% of Skillsoft at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SKIL. Bank of America Corp DE boosted its stake in Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock valued at $42,000 after buying an additional 1,343 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Skillsoft by 39.3% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,714 shares of the company's stock valued at $113,000 after buying an additional 1,331 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Skillsoft in the fourth quarter worth $251,000. JPMorgan Chase & Co. boosted its stake in Skillsoft by 12,013.1% in 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 in the last quarter. Finally, Barclays PLC boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 87.00% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Skillsoft from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Skillsoft Price Performance

Skillsoft stock traded down $0.32 on Thursday, reaching $14.40. The company's stock had a trading volume of 19,433 shares, compared to its average volume of 37,312. The company has a debt-to-equity ratio of 9.13, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $123.41 million, a price-to-earnings ratio of -0.90 and a beta of 1.54. The business's fifty day moving average price is $15.35 and its 200 day moving average price is $19.86. Skillsoft Corp. has a twelve month low of $11.01 and a twelve month high of $34.42.

Skillsoft (NYSE:SKIL - Get Free Report) last released its earnings results on Monday, June 9th. The company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($2.06) by $1.83. The company had revenue of $124.20 million during the quarter, compared to the consensus estimate of $130.97 million. Skillsoft had a negative return on equity of 28.01% and a negative net margin of 25.09%. During the same quarter in the previous year, the company posted ($3.37) earnings per share. Equities analysts expect that Skillsoft Corp. will post -11.31 earnings per share for the current fiscal year.

About Skillsoft

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.