Clarivate Plc (NYSE:CLVT) Stock Position Decreased by River Road Asset Management LLC

River Road Asset Management LLC decreased its position in Clarivate Plc (NYSE:CLVT) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,683,993 shares of the company’s stock after selling 137,527 shares during the quarter. River Road Asset Management LLC owned about 1.01% of Clarivate worth $61,894,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise bought a new stake in shares of Clarivate during the 3rd quarter worth $33,000. Tower Research Capital LLC TRC increased its stake in shares of Clarivate by 201.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,682 shares of the company’s stock worth $45,000 after purchasing an additional 3,129 shares during the period. Macquarie Group Ltd. lifted its position in shares of Clarivate by 40.5% during the 1st quarter. Macquarie Group Ltd. now owns 6,077 shares of the company’s stock worth $57,000 after purchasing an additional 1,753 shares during the last quarter. Forum Financial Management LP bought a new stake in Clarivate during the 3rd quarter valued at approximately $81,000. Finally, Penserra Capital Management LLC raised its position in Clarivate by 50.0% in the first quarter. Penserra Capital Management LLC now owns 5,322 shares of the company’s stock worth $89,000 after purchasing an additional 1,774 shares in the last quarter. 85.72% of the stock is owned by institutional investors.

Clarivate Stock Up 1.8 %

NYSE CLVT traded up $0.12 on Wednesday, reaching $6.91. The company had a trading volume of 3,913,509 shares, compared to its average volume of 4,051,808. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -4.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. The company’s fifty day moving average is $7.76 and its 200-day moving average is $7.85. Clarivate Plc has a 1-year low of $6.07 and a 1-year high of $10.03.

Clarivate (NYSE:CLVT) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $683.70 million for the quarter, compared to analyst estimates of $687.80 million. Clarivate had a negative net margin of 34.66% and a positive return on equity of 9.95%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, research analysts forecast that Clarivate Plc will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLVT. Oppenheimer lowered their target price on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley reduced their target price on Clarivate from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. Barclays dropped their price target on Clarivate from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Wednesday, February 28th. Finally, Royal Bank of Canada reduced their price objective on Clarivate from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Clarivate Company Profile

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.