Skillsoft Corp. (NYSE:SKIL) is Naspers Ltd.’s 4th Largest Position

Naspers Ltd. lessened its stake in shares of Skillsoft Corp. (NYSE:SKIL) by 95.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,063,085 shares of the company’s stock after selling 58,198,623 shares during the period. Skillsoft accounts for approximately 4.9% of Naspers Ltd.’s portfolio, making the stock its 4th biggest position. Naspers Ltd. owned about 37.96% of Skillsoft worth $53,849,000 at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp grew its position in Skillsoft by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock worth $330,000 after acquiring an additional 2,168 shares during the period. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Stock Up 0.3 %

SKIL stock traded up $0.03 during midday trading on Friday, reaching $9.25. 33,832 shares of the company were exchanged, compared to its average volume of 49,474. The company has a market cap of $74.83 million, a price-to-earnings ratio of -0.21 and a beta of 1.18. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 0.93. Skillsoft Corp. has a 1-year low of $5.09 and a 1-year high of $35.40. The stock’s 50-day simple moving average is $8.08 and its 200 day simple moving average is $12.73.

Skillsoft (NYSE:SKIL) last issued its quarterly earnings data on Monday, April 15th. The company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.13) by $0.04. Skillsoft had a negative return on equity of 28.09% and a negative net margin of 63.13%. The company had revenue of $137.54 million for the quarter, compared to analyst estimates of $142.13 million. On average, equities analysts forecast that Skillsoft Corp. will post -11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target 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. Citigroup decreased their price target on Skillsoft from $66.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Finally, Oppenheimer restated a “market perform” rating on shares of Skillsoft in a research report on Tuesday, April 16th.

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.