Voya Investment Management LLC Boosts Stake in Clarivate PLC $CLVT

Key Points

• Voya Investment Management LLC increased its stake in Clarivate PLC by 1.4%, owning a total of approximately 4.86 million shares valued at around $19.08 million.
• Despite institutional investors holding 85.72% of the stock, Clarivate received cautious analysis from research firms, with several analysts issuing a "hold" rating and an average price target of $4.83.
• Insider James Gordon Samson sold 100,000 shares of Clarivate for $453,000, resulting in a 7.29% decrease in his position, highlighting potential concerns among insiders about the company's performance.

Voya Investment Management LLC increased its position in shares of Clarivate PLC (NYSE:CLVT - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,855,241 shares of the company's stock after acquiring an additional 66,716 shares during the quarter. Voya Investment Management LLC owned approximately 0.71% of Clarivate worth $19,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CLVT. HG Vora Capital Management LLC acquired a new position in Clarivate during the 1st quarter worth about $47,160,000. AustralianSuper Pty Ltd purchased a new position in Clarivate during the 1st quarter valued at about $39,593,000. Clarkston Capital Partners LLC boosted its holdings in Clarivate by 5.4% during the 1st quarter. Clarkston Capital Partners LLC now owns 74,527,914 shares of the company's stock valued at $292,895,000 after acquiring an additional 3,794,083 shares during the period. Timucuan Asset Management Inc. FL purchased a new position in Clarivate during the 1st quarter valued at about $8,859,000. Finally, Invenomic Capital Management LP boosted its holdings in Clarivate by 28.8% during the 1st quarter. Invenomic Capital Management LP now owns 8,480,296 shares of the company's stock valued at $33,328,000 after acquiring an additional 1,894,589 shares during the period. Institutional investors and hedge funds own 85.72% of the company's stock.

Clarivate Stock Performance

Shares of CLVT stock traded down $0.10 during midday trading on Friday, hitting $4.01. The company had a trading volume of 8,768,927 shares, compared to its average volume of 3,263,979. The company's 50 day simple moving average is $4.22 and its 200 day simple moving average is $4.12. Clarivate PLC has a 52-week low of $3.04 and a 52-week high of $7.15. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -6.47 and a beta of 1.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.91 and a quick ratio of 0.91.

Clarivate (NYSE:CLVT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.18 earnings per share 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 company had revenue of $621.40 million for the quarter, compared to the consensus estimate of $587.17 million. During the same period last year, the business posted $0.20 EPS. The company's revenue was down 4.4% on a year-over-year basis. Clarivate has set its FY 2025 guidance at 0.600-0.700 EPS. Research analysts anticipate that Clarivate PLC will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Clarivate

In related news, insider James Gordon Samson sold 100,000 shares of Clarivate 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 sale, the insider directly owned 1,271,103 shares in the company, valued at $5,758,096.59. The trade was a 7.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CLVT shares. Wolfe Research started coverage on Clarivate in a research note on Wednesday, September 3rd. They issued a "peer perform" rating for the company. Jefferies Financial Group started coverage on Clarivate in a research note on Friday, July 18th. They issued a "hold" rating and a $4.50 price objective for the company. Finally, Wall Street Zen cut Clarivate from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $4.83.

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.