4,500 Shares in Clarivate Plc (NYSE:CLVT) Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC acquired a new stake in Clarivate Plc (NYSE:CLVT) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its holdings in shares of Clarivate by 103.8% during the 4th quarter. Handelsbanken Fonder AB now owns 127,600 shares of the company’s stock valued at $1,182,000 after acquiring an additional 65,000 shares in the last quarter. California Public Employees Retirement System grew its stake in Clarivate by 12.5% in the fourth quarter. California Public Employees Retirement System now owns 780,468 shares of the company’s stock valued at $7,227,000 after purchasing an additional 86,795 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Clarivate by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,645,333 shares of the company’s stock worth $43,016,000 after purchasing an additional 149,573 shares during the last quarter. Montag A & Associates Inc. raised its stake in shares of Clarivate by 729.6% during the 4th quarter. Montag A & Associates Inc. now owns 7,732 shares of the company’s stock worth $72,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Clarivate by 40.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,807,785 shares of the company’s stock valued at $72,304,000 after buying an additional 2,254,302 shares during the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.

Insider Activity at Clarivate

In other Clarivate news, Director Andrew Miles Snyder purchased 28,938 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $5.49 per share, with a total value of $158,869.62. Following the transaction, the director now directly owns 288,334 shares in the company, valued at approximately $1,582,953.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.77% of the stock is owned by corporate insiders.

Clarivate Price Performance

Shares of Clarivate stock opened at $6.69 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $6.67. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -4.03, a PEG ratio of 4.38 and a beta of 1.15. Clarivate Plc has a 1-year low of $4.97 and a 1-year high of $9.60.

Clarivate (NYSE:CLVT) last released its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Clarivate had a negative net margin of 39.29% and a positive return on equity of 10.11%. The firm had revenue of $650.30 million during the quarter, compared to analyst estimates of $651.94 million. During the same quarter in the previous year, the business earned $0.16 EPS. The business’s revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that Clarivate Plc will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

CLVT has been the topic of a number of research reports. Barclays dropped their price objective on Clarivate from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada dropped their price target on shares of Clarivate from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Clarivate from $8.50 to $7.50 and set a “buy” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.75.

Clarivate 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.