Skillsoft Corp. (NYSE:SKIL) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its holdings in Skillsoft Corp. (NYSE:SKILFree Report) by 92.0% in the fourth quarter, Holdings reports. The fund owned 149,439 shares of the company’s stock after selling 1,723,044 shares during the quarter. Alberta Investment Management Corp’s holdings in Skillsoft were worth $2,627,000 at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp increased its stake in Skillsoft by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock valued at $330,000 after purchasing an additional 2,168 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Price Performance

Shares of NYSE SKIL traded up $0.22 during trading on Friday, reaching $9.66. The company had a trading volume of 23,334 shares, compared to its average volume of 41,114. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. Skillsoft Corp. has a twelve month low of $5.09 and a twelve month high of $35.40. The stock has a 50-day moving average price of $8.15 and a two-hundred day moving average price of $12.33. The stock has a market capitalization of $78.15 million, a PE ratio of -0.22 and a beta of 1.18.

Skillsoft (NYSE:SKILGet Free Report) last posted its quarterly earnings data on Monday, April 15th. The company reported ($3.09) EPS for the quarter, topping analysts’ consensus estimates of ($3.13) by $0.04. The firm had revenue of $137.54 million during the quarter, compared to analysts’ expectations of $142.13 million. Skillsoft had a negative return on equity of 28.09% and a negative net margin of 63.13%. As a group, sell-side analysts predict that Skillsoft Corp. will post -16.93 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SKIL. Oppenheimer reissued a “market perform” rating on shares of Skillsoft in a report on Tuesday, April 16th. Barclays lowered their price objective on shares of Skillsoft from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th. Finally, Citigroup cut their target price on shares of Skillsoft from $66.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th.

Check Out Our Latest Stock Analysis on Skillsoft

Skillsoft Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Skillsoft (NYSE:SKIL)

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