The Manufacturers Life Insurance Company Acquires Shares of 91,823 Clarivate Plc (NYSE:CLVT)

The Manufacturers Life Insurance Company bought a new stake in shares of Clarivate Plc (NYSE:CLVT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 91,823 shares of the company’s stock, valued at approximately $2,528,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Clarivate in the second quarter valued at approximately $476,734,000. Bank of New York Mellon Corp bought a new position in shares of Clarivate in the 2nd quarter valued at $171,113,000. Eagle Asset Management Inc. acquired a new position in shares of Clarivate during the 2nd quarter worth $72,066,000. Artisan Partners Limited Partnership bought a new stake in shares of Clarivate during the 2nd quarter worth $51,359,000. Finally, Deutsche Bank AG acquired a new stake in Clarivate in the second quarter valued at about $22,155,000. 71.58% of the stock is currently owned by institutional investors.

Shares of NYSE:CLVT opened at $21.38 on Thursday. The firm has a market cap of $13.73 billion, a P/E ratio of -82.23, a P/E/G ratio of 3.72 and a beta of 0.61. Clarivate Plc has a 12-month low of $20.31 and a 12-month high of $34.79. The business has a fifty day simple moving average of $23.56 and a 200 day simple moving average of $25.65. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.

Clarivate (NYSE:CLVT) last announced its earnings results on Thursday, July 29th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Clarivate had a positive return on equity of 4.53% and a negative net margin of 8.49%. The business had revenue of $445.65 million for the quarter, compared to analysts’ expectations of $429.80 million. As a group, equities research analysts expect that Clarivate Plc will post 0.61 EPS for the current year.

Several equities research analysts recently issued reports on CLVT shares. Zacks Investment Research raised shares of Clarivate from a “sell” rating to a “hold” rating in a report on Tuesday, October 5th. Morgan Stanley dropped their price target on Clarivate from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, September 30th. Finally, Bank of America initiated coverage on Clarivate in a report on Monday, August 16th. They issued a “buy” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to, Clarivate presently has an average rating of “Buy” and a consensus price target of $30.83.

Clarivate Company Profile

Clarivate Plc engages in the provision of trusted insights and analytics to accelerate the pace of innovation. It operates through the Science and Intellectual Property segments. The Science segment comprises the academic and life science product lines. The Intellectual Property segment includes patent, trademark, domain, and IP management product lines.

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Institutional Ownership by Quarter for Clarivate (NYSE:CLVT)

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