Skillsoft Corp. (NYSE:SKIL) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Skillsoft Corp. (NYSE:SKIL) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,714 shares of the company’s stock after acquiring an additional 1,331 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Skillsoft were worth $113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SKIL. Millennium Management LLC lifted its holdings in shares of Skillsoft by 12.5% in the fourth quarter. Millennium Management LLC now owns 58,041 shares of the company’s stock valued at $1,391,000 after purchasing an additional 6,441 shares in the last quarter. Bank of America Corp DE increased 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 purchasing an additional 1,343 shares during the last quarter. AREX Capital Management LP increased its position 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 purchasing an additional 146,590 shares during the last quarter. Northern Trust Corp increased 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 purchasing an additional 5,142 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Skillsoft in the 4th quarter valued at $251,000. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Skillsoft Stock Performance

Skillsoft stock opened at $23.27 on Friday. The firm has a market capitalization of $193.63 million, a PE ratio of -0.56 and a beta of 1.59. The stock’s 50 day moving average price is $19.74 and its 200 day moving average price is $21.64. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.88 and a current ratio of 0.88. Skillsoft Corp. has a one year low of $8.05 and a one year high of $34.43.

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.