SG Americas Securities LLC Acquires New Position in Clarivate PLC (NYSE:CLVT)

SG Americas Securities LLC bought a new stake in shares of Clarivate PLC (NYSE:CLVT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 154,907 shares of the company's stock, valued at approximately $609,000.

Other institutional investors have also recently added to or reduced their stakes in the company. RPO LLC purchased a new position in Clarivate in the 4th quarter worth approximately $55,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Clarivate during the fourth quarter worth $56,000. Truist Financial Corp boosted its stake in shares of Clarivate by 27.3% in the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock valued at $71,000 after purchasing an additional 3,000 shares during the period. Fox Run Management L.L.C. acquired a new stake in Clarivate during the 4th quarter valued at $72,000. Finally, Man Group plc acquired a new stake in Clarivate during the 4th quarter valued at $82,000. 85.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Clarivate from a "buy" rating to a "hold" rating in a report on Saturday.

Clarivate Stock Up 1.5%

NYSE CLVT traded up $0.06 during mid-day trading on Wednesday, reaching $4.16. 10,957,809 shares of the company's stock traded hands, compared to its average volume of 5,276,287. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. Clarivate PLC has a 1-year low of $3.04 and a 1-year high of $7.15. The company has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $4.47. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -4.29 and a beta of 1.47.

Clarivate (NYSE:CLVT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $593.70 million during the quarter, compared to analysts' expectations of $574.03 million. Clarivate had a positive return on equity of 8.75% and a negative net margin of 26.32%. The business's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. As a group, equities research analysts expect that Clarivate PLC will post 0.63 EPS for the current year.

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.