Clarivate PLC $CLVT Shares Purchased by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Clarivate PLC by 19.8%, acquiring an additional 1,285,710 shares during the first quarter, bringing its total ownership to approximately 7.78 million shares valued at about $30.57 million.
• Other institutional investors have also made significant increases in their stakes, with AQR Capital Management increasing by 37% and Maverick Capital growing its holdings by 124.9% during the same period.
• Clarivate recently reported quarterly earnings with a net margin of -17.33% and revenue of $621.4 million, reflecting a decrease compared to the same quarter last year, while also meeting EPS estimates of $0.18.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Clarivate PLC (NYSE:CLVT - Free Report) by 19.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,778,470 shares of the company's stock after purchasing an additional 1,285,710 shares during the period. Edmond DE Rothschild Holding S.A. owned approximately 1.14% of Clarivate worth $30,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. acquired a new stake in Clarivate during the first quarter worth about $30,000. Millstone Evans Group LLC boosted its position in Clarivate by 156.6% in the 1st quarter. Millstone Evans Group LLC now owns 7,545 shares of the company's stock worth $30,000 after purchasing an additional 4,605 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Clarivate during the 1st quarter worth approximately $44,000. Essex Financial Services Inc. acquired a new stake in shares of Clarivate during the 1st quarter worth approximately $45,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Clarivate during the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 85.72% of the company's stock.

Insider Activity at Clarivate

In other news, insider James Gordon Samson sold 100,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.53, for a total value of $453,000.00. Following the transaction, the insider directly owned 1,271,103 shares of the company's stock, valued at approximately $5,758,096.59. This trade represents a 7.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 23.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLVT. Jefferies Financial Group initiated coverage on shares of Clarivate in a report on Friday, July 18th. They set a "hold" rating and a $4.50 price target on the stock. Wall Street Zen downgraded shares of Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Wolfe Research initiated coverage on shares of Clarivate in a research note on Wednesday. They set a "peer perform" rating on the stock. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $4.83.

Clarivate Price Performance

Shares of NYSE:CLVT traded up $0.16 during trading on Friday, reaching $4.41. The stock had a trading volume of 2,788,559 shares, compared to its average volume of 4,366,178. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.91 and a current ratio of 0.91. Clarivate PLC has a 1-year low of $3.04 and a 1-year high of $7.15. The stock has a market cap of $2.96 billion, a PE ratio of -7.10 and a beta of 1.40. The business has a fifty day moving average price of $4.26 and a 200-day moving average price of $4.14.

Clarivate (NYSE:CLVT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $621.40 million during the quarter, compared to the consensus estimate of $587.17 million. Clarivate had a positive return on equity of 8.65% and a negative net margin of 17.33%.The firm's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. Clarivate has set its FY 2025 guidance at 0.600-0.700 EPS. On average, equities analysts forecast that Clarivate PLC will post 0.63 earnings per share 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.