Clarivate PLC (NYSE:CLVT) Position Trimmed by Perpetual Ltd

Perpetual Ltd trimmed its holdings in Clarivate PLC (NYSE:CLVT - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,838,952 shares of the company's stock after selling 353,728 shares during the period. Perpetual Ltd owned 1.28% of Clarivate worth $34,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Xponance Inc. boosted its stake 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 purchasing an additional 2,689 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Clarivate by 27.3% during the 4th quarter. Truist Financial Corp now owns 14,000 shares of the company's stock worth $71,000 after purchasing an additional 3,000 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Clarivate by 27.4% during the 4th quarter. Deutsche Bank AG now owns 26,217 shares of the company's stock worth $133,000 after purchasing an additional 5,641 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Clarivate by 34.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock worth $142,000 after purchasing an additional 7,247 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of Clarivate during the 1st quarter worth about $30,000. 85.72% of the stock is owned by institutional investors and hedge funds.

Clarivate Trading Up 0.2%

Shares of CLVT stock traded up $0.01 during trading hours on Monday, hitting $4.32. 3,565,482 shares of the company were exchanged, compared to its average volume of 5,313,976. The firm has a market cap of $2.95 billion, a PE ratio of -4.45 and a beta of 1.47. Clarivate PLC has a 1 year low of $3.04 and a 1 year high of $7.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of $4.19 and a 200 day moving average of $4.43.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Clarivate from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st.

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.