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

Nisa Investment Advisors LLC purchased a new stake in Clarivate Plc (NYSE:CLVT – Free Report) 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 recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased 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 raised 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. raised its position in Clarivate by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,645,333 shares of the company’s stock worth $43,016,000 after buying an additional 149,573 shares in 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 boosted 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 which bought an additional 2,254,302 shares in the last quarter. Institutional investors and hedge funds own 85.72% of the company’s shares.

Insider activity at Clarivate

In other Clarivate news, Director Andrew Miles Snyder purchased 28,938 shares of the business’s stock in a transaction dated 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 22.77% of shares are owned by corporate insiders.

Clarify 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 cap 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 – Get Your Free Report ) 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. In the same quarter last year, the business earned $0.16 EPS. The company’s revenue fell 2.8% year over year. 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 subject of a number of research reports. Barclays decreased 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 decreased 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, Goldman Sachs Group cut 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. The company currently has a consensus rating of “Hold” and an average price target of $7.75, based on data from MarketBeat.

Read our latest report on CLVT

Clarivate profile

(Free Report)

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

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