111,856 Shares in Clarivate PLC $CLVT Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Clarivate PLC (NYSE:CLVT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 111,856 shares of the company's stock, valued at approximately $435,000.

Several other institutional investors also recently bought and sold shares of CLVT. Tower Research Capital LLC TRC grew its position in shares of Clarivate by 34.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock worth $142,000 after buying an additional 7,247 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Clarivate by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 2,429,086 shares of the company's stock worth $9,546,000 after buying an additional 88,670 shares in the last quarter. Deutsche Bank AG lifted its stake in Clarivate by 27.4% during the fourth 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. Invenomic Capital Management LP lifted its stake in Clarivate by 11.3% during the fourth quarter. Invenomic Capital Management LP now owns 6,585,707 shares of the company's stock worth $33,455,000 after purchasing an additional 667,146 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Clarivate during the fourth quarter worth approximately $1,056,000. 85.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CLVT shares. Jefferies Financial Group started coverage on Clarivate in a research note on Friday, July 18th. They issued a "hold" rating and a $4.50 price objective for the company. Wolfe Research started coverage on Clarivate in a research note on Wednesday. They issued a "peer perform" rating for the company. Finally, Wall Street Zen cut Clarivate from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $4.83.

Clarivate Price Performance

CLVT stock traded up $0.16 on Friday, reaching $4.41. 2,788,559 shares of the company's stock were exchanged, compared to its average volume of 4,366,178. The stock has a fifty day moving average of $4.26 and a 200-day moving average of $4.14. Clarivate PLC has a twelve month low of $3.04 and a twelve month high of $7.15. The firm has a market cap of $2.96 billion, a PE ratio of -7.10 and a beta of 1.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.90.

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

Insider Activity

In related news, insider James Gordon Samson sold 100,000 shares of the stock in a transaction dated 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 directly owned 1,271,103 shares in the company, valued at approximately $5,758,096.59. This represents a 7.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.18% of the stock is owned by corporate insiders.

Clarivate 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.