Bank of New York Mellon Corp Has $9.55 Million Stake in Clarivate PLC (NYSE:CLVT)

Bank of New York Mellon Corp increased its position in Clarivate PLC (NYSE:CLVT - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,429,086 shares of the company's stock after purchasing an additional 88,670 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.35% of Clarivate worth $9,546,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Xponance Inc. lifted its position in shares of Clarivate by 17.3% during the 4th quarter. Xponance Inc. now owns 18,222 shares of the company's stock worth $93,000 after buying an additional 2,689 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Clarivate by 7.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,253 shares of the company's stock valued at $158,000 after buying an additional 2,858 shares during the period. Deutsche Bank AG increased its stake in shares of Clarivate by 27.4% in the fourth quarter. Deutsche Bank AG now owns 26,217 shares of the company's stock valued at $133,000 after buying an additional 5,641 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Clarivate by 34.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock valued at $142,000 after buying an additional 7,247 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in Clarivate during the first quarter worth approximately $30,000. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clarivate news, insider James Gordon Samson sold 100,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $4.53, for a total transaction of $453,000.00. Following the transaction, the insider owned 1,271,103 shares of the company's stock, valued at approximately $5,758,096.59. The trade was a 7.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 23.18% of the company's stock.

Wall Street Analysts Forecast Growth

CLVT has been the subject of several recent research reports. Wall Street Zen cut Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Jefferies Financial Group assumed coverage on Clarivate in a report on Friday. They issued a "hold" rating and a $4.50 target price on the stock. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Clarivate has an average rating of "Hold" and a consensus price target of $4.83.

Clarivate Price Performance

CLVT stock traded up $0.16 during trading on Tuesday, hitting $4.38. 4,459,600 shares of the stock traded hands, compared to its average volume of 5,369,042. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -4.51 and a beta of 1.47. Clarivate PLC has a one year low of $3.04 and a one year high of $7.15. The company has a 50 day simple moving average of $4.29 and a 200 day simple moving average of $4.36.

Clarivate (NYSE:CLVT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $593.70 million for the quarter, compared to the consensus estimate of $574.03 million. Clarivate had a negative net margin of 26.32% and a positive return on equity of 8.75%. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Equities analysts expect that Clarivate PLC will post 0.63 EPS for the current fiscal year.

About Clarivate

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.