Skillsoft Corp. (NYSE:SKIL) is AREX Capital Management LP’s 10th Largest Position

AREX Capital Management LP decreased its position in Skillsoft Corp. (NYSE:SKIL) by 12.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,744 shares of the company’s stock after selling 12,155 shares during the period. Skillsoft comprises 1.3% of AREX Capital Management LP’s investment portfolio, making the stock its 10th biggest position. AREX Capital Management LP’s holdings in Skillsoft were worth $1,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Skillsoft by 20.5% in the second quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock valued at $317,000 after buying an additional 3,900 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Skillsoft during the second quarter worth about $39,000. Paradice Investment Management LLC increased its stake in shares of Skillsoft by 7.1% during the first quarter. Paradice Investment Management LLC now owns 659,859 shares of the company’s stock worth $5,939,000 after purchasing an additional 43,791 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Skillsoft during the first quarter worth about $192,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Stock Down 2.5 %

SKIL stock opened at $13.83 on Monday. The stock has a market capitalization of $113.17 million, a P/E ratio of -0.34 and a beta of 1.32. The firm has a 50-day simple moving average of $14.17 and a 200-day simple moving average of $11.21. The company has a quick ratio of 0.91, a current ratio of 0.88 and a debt-to-equity ratio of 4.07. Skillsoft Corp. has a 52 week low of $5.09 and a 52 week high of $20.87.

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.