Jacobs Levy Equity Management Inc. Purchases New Stake in Skillsoft Corp. $SKIL

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. acquired a new position in shares of Skillsoft Corp. (NYSE:SKIL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 73,343 shares of the company's stock, valued at approximately $1,411,000. Jacobs Levy Equity Management Inc. owned approximately 0.88% of Skillsoft at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new stake in Skillsoft during the 4th quarter valued at $251,000. Northern Trust Corp lifted its position in shares of Skillsoft by 35.8% in the fourth quarter. Northern Trust Corp now owns 19,508 shares of the company's stock valued at $467,000 after acquiring an additional 5,142 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock valued at $42,000 after acquiring an additional 1,343 shares during the last quarter. Millennium Management LLC increased its position in 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in 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 in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Skillsoft Trading Down 6.9%

Shares of SKIL traded down $0.97 during mid-day trading on Wednesday, reaching $13.16. The company had a trading volume of 57,161 shares, compared to its average volume of 33,856. Skillsoft Corp. has a fifty-two week low of $12.22 and a fifty-two week high of $34.42. The firm has a fifty day simple moving average of $14.73 and a 200-day simple moving average of $17.53. The stock has a market cap of $114.62 million, a price-to-earnings ratio of -0.94 and a beta of 1.58. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Skillsoft from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Zacks Research upgraded shares of Skillsoft from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of "Strong Buy".

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.