Skillsoft Corp. $SKIL Shares Sold by Paradice Investment Management LLC

Paradice Investment Management LLC trimmed its holdings in Skillsoft Corp. (NYSE:SKIL) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,289 shares of the company’s stock after selling 7,141 shares during the quarter. Skillsoft comprises 2.0% of Paradice Investment Management LLC’s portfolio, making the stock its 21st largest holding. Paradice Investment Management LLC owned about 7.12% of Skillsoft worth $9,746,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SKIL. Bank of America Corp DE raised its stake in shares of Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after purchasing an additional 1,343 shares in the last quarter. Informed Momentum Co LLC acquired a new stake in shares of Skillsoft during the first quarter valued at approximately $606,000. OMERS ADMINISTRATION Corp acquired a new stake in Skillsoft during the 1st quarter worth about $308,000. Cubist Systematic Strategies LLC grew its holdings in shares of Skillsoft by 20.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after acquiring an additional 1,593 shares in the last quarter. Finally, AREX Capital Management LP grew its stake in shares of Skillsoft by 16.8% in the 1st quarter. AREX Capital Management LP now owns 398,960 shares of the company’s stock valued at $7,676,000 after buying an additional 57,239 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Skillsoft Price Performance

Shares of Skillsoft stock opened at $10.46 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.45. The firm has a fifty day simple moving average of $13.15 and a 200-day simple moving average of $15.18. The stock has a market capitalization of $91.06 million, a price-to-earnings ratio of -0.75, a PEG ratio of 0.68 and a beta of 1.61. Skillsoft Corp. has a 1-year low of $9.15 and a 1-year high of $34.42.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SKIL. Zacks Research cut shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skillsoft in a report on Tuesday. Finally, Wall Street Zen raised shares of Skillsoft from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Skillsoft 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.