Clarivate PLC $CLVT Stock Holdings Lessened by Perpetual Ltd

Key Points

• Perpetual Ltd has reduced its holdings in Clarivate PLC by 6.3%, now owning approximately 1.21% of the company, valued at around $35.63 million.
• Clarivate's stock has decreased by 2.4%, trading at around $4.01 with analysts forecasting an estimated EPS of 0.63 for the current year.
• Insider James Gordon Samson sold 100,000 shares at an average price of $4.53, representing a 7.29% decrease in their position in the company.

Perpetual Ltd decreased its position in Clarivate PLC (NYSE:CLVT - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,285,317 shares of the company's stock after selling 553,635 shares during the period. Perpetual Ltd owned about 1.21% of Clarivate worth $35,627,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its holdings in Clarivate by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 108,980 shares of the company's stock worth $428,000 after buying an additional 2,520 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Clarivate by 7.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,253 shares of the company's stock worth $158,000 after buying an additional 2,858 shares in the last quarter. Millstone Evans Group LLC boosted its holdings in Clarivate by 156.6% during the first quarter. Millstone Evans Group LLC now owns 7,545 shares of the company's stock worth $30,000 after buying an additional 4,605 shares in the last quarter. Deutsche Bank AG boosted its holdings 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 buying an additional 5,641 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its holdings in Clarivate by 52.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 16,540 shares of the company's stock worth $65,000 after buying an additional 5,720 shares in the last quarter. Hedge funds and other institutional investors own 85.72% of the company's stock.

Insider Buying and Selling

In other Clarivate news, insider James Gordon Samson sold 100,000 shares of the stock in a transaction 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 transaction, the insider directly owned 1,271,103 shares in the company, valued at $5,758,096.59. This represents a 7.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.18% of the stock is owned by company insiders.

Clarivate Stock Up 1.6%

NYSE CLVT traded up $0.07 during trading hours on Monday, reaching $4.08. 2,116,433 shares of the company traded hands, compared to its average volume of 5,393,663. Clarivate PLC has a 12 month low of $3.04 and a 12 month high of $7.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.74 billion, a PE ratio of -6.57 and a beta of 1.40. The company has a 50 day moving average of $4.22 and a two-hundred day moving average of $4.12.

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 analysts' consensus estimates of $0.18. Clarivate had a negative net margin of 17.33% and a positive return on equity of 8.65%. The firm had revenue of $621.40 million for the quarter, compared to the consensus estimate of $587.17 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm's revenue was down 4.4% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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 began coverage on shares of Clarivate in a research report on Friday, July 18th. They set a "hold" rating and a $4.50 target price for the company. Finally, Wolfe Research began coverage on shares of Clarivate in a report on Wednesday, September 3rd. They set a "peer perform" rating for the company. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Clarivate has a consensus rating of "Reduce" and a consensus price target of $4.83.

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.