Skillsoft (NYSE:SKIL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Thursday.
Skillsoft Stock Up 1.5%
Skillsoft stock traded up $0.31 on Thursday, hitting $20.09. 4,299 shares of the stock traded hands, compared to its average volume of 43,273. Skillsoft has a 1 year low of $8.05 and a 1 year high of $34.42. The firm has a market cap of $167.14 million, a P/E ratio of -0.49 and a beta of 1.59. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77. The business's fifty day simple moving average is $19.98 and its 200 day simple moving average is $21.90.
Institutional Investors Weigh In On Skillsoft
Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its holdings in shares of Skillsoft by 286.0% during the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company's stock valued at $774,000 after purchasing an additional 29,914 shares during the last quarter. Jane Street Group LLC bought a new position in Skillsoft during the 1st quarter valued at approximately $296,000. Goldman Sachs Group Inc. raised its stake in Skillsoft by 122.9% during the first quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company's stock valued at $2,891,000 after buying an additional 82,860 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Skillsoft in the first quarter worth $1,411,000. Finally, AREX Capital Management LP grew its stake in shares of Skillsoft by 16.8% in the first quarter. AREX Capital Management LP now owns 398,960 shares of the company's stock worth $7,676,000 after acquiring an additional 57,239 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company's stock.
About Skillsoft
(
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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.
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