Point72 Asia Singapore Pte. Ltd. Acquires Shares of 3,383 Skillsoft Corp. (NYSE:SKIL)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Skillsoft Corp. (NYSE:SKIL) in the third quarter, Holdings Channel reports. The institutional investor bought 3,383 shares of the company’s stock, valued at approximately $52,000.

Separately, Summit Securities Group LLC purchased a new stake in shares of Skillsoft during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Stock Performance

Shares of SKIL stock opened at $14.73 on Friday. Skillsoft Corp. has a fifty-two week low of $5.09 and a fifty-two week high of $18.94. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s fifty day moving average is $15.44 and its two-hundred day moving average is $13.85.

Skillsoft (NYSE:SKIL) last posted its quarterly earnings results on Monday, September 9th. The company reported ($2.40) earnings per share for the quarter, topping the consensus estimate of ($3.96) by $1.56. Skillsoft had a negative net margin of 63.42% and a negative return on equity of 41.27%. The firm had revenue of $132.22 million for the quarter, compared to the consensus estimate of $131.39 million. As a group, research analysts forecast that Skillsoft Corp. will post -10.64 earnings per share for the current fiscal year.

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.