MQS Management LLC Takes Position in Clarivate Plc (NYSE:CLVT)

MQS Management LLC acquired a new position in Clarivate Plc (NYSE:CLVT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,973 shares of the company’s stock, valued at approximately $91,000.

A number of other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Clarivate by 40.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,807,785 shares of the company’s stock worth $72,304,000 after acquiring an additional 2,254,302 shares in the last quarter. Norges Bank bought a new position in Clarivate in the fourth quarter worth about $54,457,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Clarivate during the fourth quarter valued at about $25,576,000. Treasurer of the State of North Carolina boosted its holdings in shares of Clarivate by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 208,731 shares of the company’s stock valued at $1,933,000 after buying an additional 2,040 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in shares of Clarivate by 1,590,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 15,901 shares of the company’s stock worth $147,000 after buying an additional 15,900 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Analyst Upgrades and Downgrades

CLVT has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Clarivate from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on Clarivate from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Two 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.75.

Insider Buying and Selling

In other Clarivate news, Director Andrew Miles Snyder acquired 28,938 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $5.49 per share, for a total transaction of $158,869.62. Following the purchase, the director now owns 288,334 shares in the company, valued at approximately $1,582,953.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Andrew Miles Snyder purchased 28,938 shares of the business’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 owns 288,334 shares of the company’s stock, valued at $1,582,953.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Saurabh Saha sold 17,646 shares of Clarivate stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $6.75, for a total value of $119,110.50. Following the transaction, the director now owns 23,741 shares of the company’s stock, valued at approximately $160,251.75. The disclosure for this sale can be found here. 22.77% of the stock is owned by corporate insiders.

Clarivate Price Performance

NYSE CLVT opened at $6.94 on Friday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -4.18, a PEG ratio of 3.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s fifty day moving average price is $6.47 and its 200 day moving average price is $6.45. Clarivate Plc has a 1 year low of $4.97 and a 1 year high of $9.60.

Clarivate (NYSE:CLVT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Clarivate had a positive return on equity of 10.01% and a negative net margin of 46.53%. The business had revenue of $650.30 million for the quarter, compared to analyst estimates of $651.94 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Clarivate Plc will post 0.64 earnings per share for the current year.

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.