Invesco Ltd. decreased its holdings in shares of Skillsoft Corp. (NYSE:SKIL – Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,322 shares of the company’s stock after selling 2,110 shares during the period. Invesco Ltd. owned approximately 0.27% of Skillsoft worth $429,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SKIL. Barclays PLC grew its position in Skillsoft by 644.5% during the fourth 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 period. Dimensional Fund Advisors LP acquired a new position in Skillsoft during the fourth quarter worth about $251,000. Millennium Management LLC grew its position in Skillsoft by 12.5% during the fourth 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 period. Northern Trust Corp grew its position in Skillsoft by 35.8% during the fourth 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 period. Finally, Bank of America Corp DE grew its position in Skillsoft by 330.0% during the fourth 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 period. Hedge funds and other institutional investors own 87.00% of the company’s stock.
Skillsoft Stock Performance
Shares of SKIL opened at $15.45 on Friday. The company has a debt-to-equity ratio of 9.13, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $132.36 million, a price-to-earnings ratio of -0.96 and a beta of 1.58. The company’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $18.24. Skillsoft Corp. has a 1 year low of $11.87 and a 1 year high of $34.42.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Skillsoft from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Zacks Research raised shares of Skillsoft to a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Skillsoft has an average rating of “Hold”.
Check Out Our Latest Report on SKIL
Skillsoft Company 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.
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