Quantbot Technologies LP Has $1.03 Million Stake in Clarivate PLC $CLVT

Key Points

• Quantbot Technologies LP increased its stake in Clarivate PLC by 44.9%, acquiring an additional 81,410 shares, and now holds a total of 262,779 shares valued at approximately $1,033,000.
• Clarivate's stock price opened at $4.4950, with a market capitalization of $3.02 billion, and analysts forecast an earnings per share of 0.63 for the current fiscal year.
• Insider James Gordon Samson sold 100,000 shares of Clarivate stock for $453,000, reducing his ownership by 7.29%, while 23.18% of the stock is owned by insiders.

Quantbot Technologies LP increased its position in shares of Clarivate PLC (NYSE:CLVT - Free Report) by 44.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,779 shares of the company's stock after acquiring an additional 81,410 shares during the quarter. Quantbot Technologies LP's holdings in Clarivate were worth $1,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in Clarivate by 31.1% in the first quarter. American Century Companies Inc. now owns 6,633,654 shares of the company's stock valued at $26,070,000 after purchasing an additional 1,572,378 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Clarivate by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 108,980 shares of the company's stock worth $428,000 after acquiring an additional 2,520 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Clarivate by 25.3% in the first quarter. HighTower Advisors LLC now owns 224,740 shares of the company's stock worth $883,000 after acquiring an additional 45,338 shares in the last quarter. Nuveen LLC bought a new stake in shares of Clarivate in the first quarter worth about $5,443,000. Finally, Aigen Investment Management LP bought a new stake in shares of Clarivate in the first quarter worth about $149,000. Institutional investors own 85.72% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $4.53, for a total value of $453,000.00. Following the completion of the sale, the insider directly owned 1,271,103 shares of the company's stock, valued at $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. Company insiders own 23.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CLVT shares. Wall Street Zen downgraded Clarivate from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Jefferies Financial Group started coverage on Clarivate in a report on Friday, July 18th. They issued a "hold" rating and a $4.50 price target 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, Clarivate presently has an average rating of "Reduce" and a consensus target price of $4.83.

Clarivate Stock Up 1.5%

NYSE CLVT traded up $0.07 during trading hours on Friday, hitting $4.38. 4,740,005 shares of the company traded hands, compared to its average volume of 4,651,243. The business's 50-day moving average is $4.25 and its 200-day moving average is $4.16. Clarivate PLC has a twelve month low of $3.04 and a twelve month high of $7.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -7.06 and a beta of 1.40.

Clarivate (NYSE:CLVT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Clarivate had a positive return on equity of 8.65% and a negative net margin of 17.33%.The firm had revenue of $621.40 million during the quarter, compared to analysts' expectations of $587.17 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The business's quarterly 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. Sell-side analysts anticipate that Clarivate PLC will post 0.63 earnings per share for the current 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.