Skillsoft (NYSE:SKIL) Stock Price Down 5.2% – Here’s Why

Skillsoft Corp. (NYSE:SKIL) shares were down 5.2% during trading on Tuesday . The company traded as low as $17.47 and last traded at $18.17. Approximately 45,641 shares traded hands during trading, a decline of 20% from the average daily volume of 57,356 shares. The stock had previously closed at $19.17.

Skillsoft Stock Performance

The stock has a fifty day simple moving average of $27.92 and a two-hundred day simple moving average of $20.01. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $150.52 million, a price-to-earnings ratio of -0.44 and a beta of 1.28.

Skillsoft (NYSE:SKIL) last released its earnings results on Tuesday, December 10th. The company reported ($1.82) EPS for the quarter, topping the consensus estimate of ($3.01) by $1.19. Skillsoft had a negative return on equity of 53.74% and a negative net margin of 62.85%. Analysts forecast that Skillsoft Corp. will post -11.31 earnings per share for the current fiscal year.

Institutional Trading of Skillsoft

Large investors have recently modified their holdings of the stock. AREX Capital Management LP boosted its stake in Skillsoft by 75.1% during the fourth quarter. AREX Capital Management LP now owns 341,721 shares of the company’s stock worth $8,188,000 after acquiring an additional 146,590 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Skillsoft by 8.0% during the fourth quarter. Renaissance Technologies LLC now owns 81,080 shares of the company’s stock valued at $1,943,000 after purchasing an additional 6,000 shares during the period. Millennium Management LLC boosted its position 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 purchasing an additional 6,441 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Skillsoft by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 46,060 shares of the company’s stock valued at $1,104,000 after buying an additional 438 shares during the period. Finally, Northern Trust Corp increased its position in Skillsoft by 35.8% in the 4th quarter. Northern Trust Corp now owns 19,508 shares of the company’s stock valued at $467,000 after buying an additional 5,142 shares in the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

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.