Goldman Sachs Group Inc. Has $2.89 Million Holdings in Skillsoft Corp. $SKIL

Goldman Sachs Group Inc. increased its stake in Skillsoft Corp. (NYSE:SKIL) by 122.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,254 shares of the company’s stock after purchasing an additional 82,860 shares during the period. Goldman Sachs Group Inc. owned approximately 1.75% of Skillsoft worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SKIL. Jacobs Levy Equity Management Inc. bought a new stake in Skillsoft during the 1st quarter worth about $1,411,000. Millennium Management LLC lifted 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 buying an additional 6,441 shares in the last quarter. Northern Trust Corp lifted its position in 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 in the last quarter. AREX Capital Management LP lifted its position in Skillsoft by 16.8% during the 1st quarter. AREX Capital Management LP now owns 398,960 shares of the company’s stock worth $7,676,000 after buying an additional 57,239 shares in the last quarter. Finally, Informed Momentum Co LLC bought a new stake in Skillsoft during the 1st quarter worth about $606,000. 87.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen cut 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 from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Skillsoft Stock Performance

Shares of NYSE:SKIL opened at $14.20 on Friday. The company’s 50 day moving average price is $14.67 and its two-hundred day moving average price is $17.40. Skillsoft Corp. has a 12-month low of $12.22 and a 12-month high of $34.42. The firm has a market cap of $123.68 million, a PE ratio of -1.02 and a beta of 1.58. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.45.

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.