Clarivate Plc (NYSE:CLVT) Stock Holdings Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Clarivate Plc (NYSE:CLVT) by 21.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,841 shares of the company’s stock after purchasing an additional 6,284 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Clarivate were worth $254,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CLVT. Arizona State Retirement System raised its holdings in Clarivate by 2.5% during the second quarter. Arizona State Retirement System now owns 84,172 shares of the company’s stock worth $479,000 after purchasing an additional 2,064 shares in the last quarter. Ironwood Investment Counsel LLC lifted its holdings in shares of Clarivate by 3.5% in the first quarter. Ironwood Investment Counsel LLC now owns 76,225 shares of the company’s stock valued at $566,000 after buying an additional 2,575 shares during the period. Evermay Wealth Management LLC bought a new position in Clarivate during the first quarter valued at about $31,000. Nisa Investment Advisors LLC bought a new stake in Clarivate in the second quarter worth about $26,000. Finally, SkyView Investment Advisors LLC boosted its position in shares of Clarivate by 3.8% during the 1st quarter. SkyView Investment Advisors LLC now owns 131,864 shares of the company’s stock valued at $980,000 after purchasing an additional 4,789 shares in the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clarivate

In related news, Director Saurabh Saha sold 17,646 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $6.75, for a total value of $119,110.50. Following the completion of the sale, the director now owns 23,741 shares of the company’s stock, valued at approximately $160,251.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Clarivate news, insider Bar Veinstein sold 120,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $7.00, for a total transaction of $840,000.00. Following the transaction, the insider now directly owns 976,583 shares in the company, valued at $6,836,081. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Saurabh Saha sold 17,646 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $6.75, for a total value of $119,110.50. Following the sale, the director now owns 23,741 shares of the company’s stock, valued at approximately $160,251.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,646 shares of company stock valued at $1,379,111 in the last three months. Corporate insiders own 22.77% of the company’s stock.

Clarivate Stock Down 1.5 %

CLVT stock opened at $6.54 on Thursday. The company’s 50 day simple moving average is $6.67 and its 200-day simple moving average is $6.36. The firm has a market capitalization of $4.37 billion, a P/E ratio of -3.94 and a beta of 1.17. Clarivate Plc has a 52-week low of $4.97 and a 52-week high of $9.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90.

Clarivate (NYSE:CLVT) last posted its quarterly 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. The business had revenue of $650.30 million for the quarter, compared to the consensus estimate of $651.94 million. Clarivate had a negative net margin of 46.53% and a positive return on equity of 10.01%. Clarivate’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, equities research analysts anticipate that Clarivate Plc will post 0.64 EPS for the current year.

Analyst Ratings Changes

CLVT has been the subject of several recent research reports. Royal Bank of Canada cut their target price on shares of Clarivate from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Barclays reduced their price objective on Clarivate from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.58.

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.