Skillsoft Corp. $SKIL Shares Bought by AREX Capital Management LP

Key Points

• AREX Capital Management LP has increased its stake in Skillsoft Corp. by 16.8%, making it the second largest position in its portfolio, with 398,960 shares valued at approximately $7.68 million.
• Several institutional investors, including Bank of America and Point72 Asia, have significantly boosted their holdings in Skillsoft, indicating growing interest in the company.
• Analysts have mixed ratings on Skillsoft, with the average rating currently being a "Hold" after Wall Street Zen downgraded its rating from "Buy" to "Hold".

AREX Capital Management LP lifted its stake in shares of Skillsoft Corp. (NYSE:SKIL - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 398,960 shares of the company's stock after buying an additional 57,239 shares during the quarter. Skillsoft comprises about 15.7% of AREX Capital Management LP's portfolio, making the stock its 2nd largest holding. AREX Capital Management LP owned approximately 4.79% of Skillsoft worth $7,676,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SKIL. Barclays PLC lifted its stake in shares of Skillsoft by 644.5% during the 4th quarter. Barclays PLC now owns 18,896 shares of the company's stock worth $452,000 after buying an additional 16,358 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Skillsoft during the 4th quarter worth about $251,000. Northern Trust Corp lifted its stake in shares of Skillsoft by 35.8% during 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 last quarter. Bank of America Corp DE lifted its stake in shares of Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after buying an additional 1,343 shares during the last quarter. Finally, Millennium Management LLC lifted its stake 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 buying an additional 6,441 shares during the last quarter. Institutional investors and hedge funds own 87.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on SKIL shares. Zacks Research upgraded shares of Skillsoft to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen cut shares of Skillsoft from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Skillsoft has a consensus rating of "Hold".

Skillsoft Price Performance

Shares of NYSE:SKIL traded up $0.21 during midday trading on Friday, hitting $15.45. The stock had a trading volume of 12,697 shares, compared to its average volume of 20,206. The company's 50-day moving average price is $15.10 and its 200-day moving average price is $18.24. The company has a market capitalization of $132.36 million, a P/E ratio of -0.96 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 9.13. Skillsoft Corp. has a fifty-two week low of $11.87 and a fifty-two week high of $34.42.

Skillsoft (NYSE:SKIL - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($2.06) by $1.83. The company 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 period in the previous year, the company earned ($3.37) EPS. Skillsoft has set its FY 2026 guidance at EPS. As a group, equities research analysts predict that Skillsoft Corp. will post -11.31 EPS 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.