Raymond James Financial Inc. Has $12.84 Million Stock Holdings in Clarivate PLC $CLVT

Key Points

• Raymond James Financial Inc. decreased its holdings in Clarivate PLC by 13.4% during the first quarter, selling 506,391 shares and retaining approximately 3.27 million shares worth around $12.84 million.
• Insider James Gordon Samson sold 100,000 shares of Clarivate at an average price of $4.53, decreasing his ownership by 7.29% after the transaction.
• Clarivate reported earnings matching consensus estimates of $0.18 per share for the latest quarter, but revenue was down 4.4% year-over-year, reaching $621.4 million.

Raymond James Financial Inc. lowered its holdings in Clarivate PLC (NYSE:CLVT - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,267,539 shares of the company's stock after selling 506,391 shares during the period. Raymond James Financial Inc. owned approximately 0.48% of Clarivate worth $12,841,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in Clarivate by 34.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock valued at $142,000 after purchasing an additional 7,247 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Clarivate during the fourth quarter worth $194,000. Schonfeld Strategic Advisors LLC acquired a new stake in Clarivate during the fourth quarter valued at $56,000. Jane Street Group LLC grew its stake in Clarivate by 320.5% in the fourth quarter. Jane Street Group LLC now owns 838,320 shares of the company's stock valued at $4,259,000 after purchasing an additional 638,977 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its stake in Clarivate by 215.9% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 3,273,175 shares of the company's stock valued at $16,628,000 after purchasing an additional 2,236,942 shares in the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLVT has been the subject of a number of recent research reports. Wolfe Research started coverage on Clarivate in a research note on Wednesday. They set a "peer perform" rating for the company. Wall Street Zen lowered shares of Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Jefferies Financial Group started coverage on shares of Clarivate in a research report on Friday, July 18th. They issued a "hold" rating and a $4.50 target price for the company. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $4.83.

Clarivate Stock Performance

Shares of NYSE:CLVT traded up $0.10 during trading on Thursday, reaching $4.25. The stock had a trading volume of 3,373,427 shares, compared to its average volume of 4,400,587. The stock has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $4.14. 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 PLC has a 52 week low of $3.04 and a 52 week high of $7.15. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -6.85 and a beta of 1.40.

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

Insider Activity

In other news, insider James Gordon Samson sold 100,000 shares of the business'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 transaction of $453,000.00. Following the sale, the insider directly owned 1,271,103 shares in the company, valued at approximately $5,758,096.59. The trade was a 7.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 23.18% of the company's stock.

Clarivate Company 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.