Clarivate Sees Unusually High Options Volume (NYSE:CLVT)

Clarivate PLC (NYSE:CLVT - Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 3,552 call options on the company. This represents an increase of 1,544% compared to the typical volume of 216 call options.

Clarivate Price Performance

Shares of NYSE CLVT traded down $0.09 during trading on Friday, hitting $4.31. The company had a trading volume of 7,710,332 shares, compared to its average volume of 5,322,250. The company has a market cap of $2.94 billion, a P/E ratio of -4.44 and a beta of 1.47. Clarivate has a 52 week low of $3.04 and a 52 week high of $7.15. The business's 50-day moving average is $4.17 and its 200 day moving average is $4.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.88 and a current ratio of 0.88.

Clarivate (NYSE:CLVT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $593.70 million for 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 firm's revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities research analysts predict that Clarivate will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st.

Institutional Trading of Clarivate

Several large investors have recently added to or reduced their stakes in CLVT. American Century Companies Inc. grew its holdings in shares of Clarivate by 175.5% during the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company's stock valued at $25,711,000 after acquiring an additional 3,224,278 shares in the last quarter. IFP Advisors Inc boosted its holdings in Clarivate by 11,132.2% in the fourth quarter. IFP Advisors Inc now owns 20,555 shares of the company's stock worth $106,000 after purchasing an additional 20,372 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Clarivate by 34.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock worth $142,000 after purchasing an additional 7,247 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Clarivate during the fourth quarter valued at about $19,172,000. Finally, Norges Bank bought a new stake in Clarivate during the fourth quarter valued at about $27,764,000. 85.72% of the stock is owned by institutional investors and hedge funds.

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.