Informed Momentum Co LLC Invests $606,000 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 bought a new position in Skillsoft Corp. (NYSE:SKIL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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.

A number of other hedge funds have also added to or reduced their stakes in SKIL. Bank of America Corp DE lifted its position in shares of Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after purchasing an additional 1,343 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Skillsoft by 39.3% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,714 shares of the company's stock worth $113,000 after purchasing an additional 1,331 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Skillsoft in the 4th quarter worth approximately $251,000. JPMorgan Chase & Co. lifted its position in shares of Skillsoft by 12,013.1% in the 4th 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. Finally, Barclays PLC lifted its position in shares of Skillsoft by 644.5% in the 4th 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 period. 87.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SKIL has been the subject of a number of analyst reports. Wall Street Zen cut shares of Skillsoft from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Zacks Research raised shares of Skillsoft to a "hold" rating in a research report on Monday, August 11th.

Skillsoft Stock Performance

Shares of NYSE SKIL traded down $0.11 during midday trading on Friday, reaching $14.26. The company had a trading volume of 20,459 shares, compared to its average volume of 36,233. The business's 50-day simple moving average is $15.28 and its 200 day simple moving average is $19.68. The stock has a market cap of $122.25 million, a P/E ratio of -0.89 and a beta of 1.54. Skillsoft Corp. has a 1 year low of $11.01 and a 1 year high of $34.42. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 9.13.

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

Skillsoft 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.