73,343 Shares in Skillsoft Corp. $SKIL Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 73,343 shares of Skillsoft Corp. for approximately $1.4 million during the 1st quarter, increasing its ownership to 0.88% of the company.
• Skillsoft reported a quarterly EPS of ($0.23), which exceeded the consensus estimate of ($2.06), although revenue fell short of expectations at $124.2 million.
• Analysts currently rate Skillsoft shares as a Hold, with recent downgrades from some firms and an average rating holding steady despite mixed financial results.

Jacobs Levy Equity Management Inc. purchased a new stake in Skillsoft Corp. (NYSE:SKIL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 73,343 shares of the company's stock, valued at approximately $1,411,000. Jacobs Levy Equity Management Inc. owned 0.88% of Skillsoft as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SKIL. Dimensional Fund Advisors LP purchased a new position in Skillsoft in the 4th quarter valued at approximately $251,000. Northern Trust Corp boosted its position in Skillsoft by 35.8% in the 4th quarter. Northern Trust Corp now owns 19,508 shares of the company's stock valued at $467,000 after buying an additional 5,142 shares during the period. Bank of America Corp DE boosted its position 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 during the period. Millennium Management LLC lifted its position in shares of Skillsoft by 12.5% during the 4th quarter. Millennium Management LLC now owns 58,041 shares of the company's stock worth $1,391,000 after purchasing an additional 6,441 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Skillsoft by 39.3% during 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 last quarter. Hedge funds and other institutional investors own 87.00% of the company's stock.

Skillsoft Stock Down 5.4%

NYSE:SKIL traded down $0.72 during midday trading on Friday, hitting $12.58. 81,454 shares of the company were exchanged, compared to its average volume of 23,589. The company has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $17.73. Skillsoft Corp. has a fifty-two week low of $12.22 and a fifty-two week high of $34.42. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 13.45. The company has a market capitalization of $109.55 million, a PE ratio of -0.90 and a beta of 1.58.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SKIL shares. Zacks Research raised shares of Skillsoft to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen cut shares of Skillsoft from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

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.