1,385,090 Shares in Clarivate PLC $CLVT Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake of approximately 1,385,090 shares in Clarivate PLC, valued at about $5.44 million, representing 0.20% ownership in the company.
• Clarivate PLC's average analyst rating has dropped to "Reduce", with a target price of $4.83, as indicated by recent downgrades from several equities analysts.
• Insider James Gordon Samson sold 100,000 shares of Clarivate stock at an average price of $4.53, marking a 7.29% decrease in his position.

Nuveen LLC purchased a new position in shares of Clarivate PLC (NYSE:CLVT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,385,090 shares of the company's stock, valued at approximately $5,443,000. Nuveen LLC owned about 0.20% of Clarivate as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CLVT. LPL Financial LLC acquired a new position in shares of Clarivate during the 4th quarter worth about $115,000. Tower Research Capital LLC TRC raised its holdings in Clarivate by 34.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock valued at $142,000 after acquiring an additional 7,247 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Clarivate in the 4th quarter valued at about $219,000. Oxford Asset Management LLP acquired a new stake in Clarivate in the 4th quarter valued at about $247,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Clarivate in the 4th quarter valued at about $194,000. Institutional investors and hedge funds own 85.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CLVT shares. Wall Street Zen downgraded shares of Clarivate from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Jefferies Financial Group started coverage on shares of Clarivate in a report on Friday, July 18th. They issued a "hold" rating and a $4.50 price objective for the company. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $4.83.

Clarivate Trading Up 1.5%

Shares of NYSE CLVT traded up $0.07 during midday trading on Friday, reaching $4.38. 4,740,005 shares of the stock were exchanged, compared to its average volume of 4,575,731. The company has a 50 day simple moving average of $4.25 and a 200 day simple moving average of $4.15. The stock has a market capitalization of $2.94 billion, a P/E ratio of -7.06 and a beta of 1.40. 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 twelve month low of $3.04 and a twelve month high of $7.15.

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

Insider Activity

In other news, insider James Gordon Samson sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $4.53, for a total transaction of $453,000.00. Following the completion of the sale, the insider owned 1,271,103 shares in the company, valued at $5,758,096.59. This trade represents a 7.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.18% of the stock is owned by corporate insiders.

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.