Skillsoft (NYSE:SKIL) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Skillsoft (NYSE:SKIL) from a buy rating to a hold rating in a research report released on Thursday.

Skillsoft Stock Down 1.3%

Shares of SKIL opened at $19.64 on Thursday. The firm has a market cap of $163.38 million, a P/E ratio of -0.47 and a beta of 1.59. Skillsoft has a 12-month low of $8.05 and a 12-month high of $34.43. The company’s 50-day moving average price is $19.98 and its 200 day moving average price is $21.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77.

Institutional Trading of Skillsoft

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC increased its stake in Skillsoft by 286.0% during the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock worth $774,000 after purchasing an additional 29,914 shares during the period. Jane Street Group LLC purchased a new stake in Skillsoft during the first quarter worth about $296,000. Goldman Sachs Group Inc. increased 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 worth $2,891,000 after purchasing an additional 82,860 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Skillsoft during the first quarter worth about $1,411,000. Finally, AREX Capital Management LP increased its stake in Skillsoft by 16.8% during the first quarter. AREX Capital Management LP now owns 398,960 shares of the company’s stock worth $7,676,000 after purchasing an additional 57,239 shares during the period. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

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.