Clarivate Plc (NYSE:CLVT) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,986,939 shares of the company's stock after purchasing an additional 171,326 shares during the period. Vanguard Group Inc. owned about 1.20% of Clarivate worth $53,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clarkston Capital Partners LLC increased its stake in Clarivate by 12.0% in the third quarter. Clarkston Capital Partners LLC now owns 57,567,115 shares of the company's stock valued at $386,275,000 after purchasing an additional 6,172,694 shares during the last quarter. Impactive Capital LP increased its stake in Clarivate by 15.7% in the third quarter. Impactive Capital LP now owns 33,108,919 shares of the company's stock valued at $222,161,000 after purchasing an additional 4,500,000 shares during the last quarter. BlackRock Inc. increased its stake in Clarivate by 1.7% in the second quarter. BlackRock Inc. now owns 25,225,978 shares of the company's stock valued at $240,404,000 after purchasing an additional 412,826 shares during the last quarter. Baupost Group LLC MA purchased a new position in Clarivate in the third quarter valued at approximately $150,975,000. Finally, Select Equity Group L.P. increased its stake in Clarivate by 70.1% in the first quarter. Select Equity Group L.P. now owns 19,454,805 shares of the company's stock valued at $182,681,000 after purchasing an additional 8,018,679 shares during the last quarter. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLVT has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on shares of Clarivate from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 28th. Morgan Stanley decreased their price objective on Clarivate from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, February 28th. Barclays decreased their price objective on Clarivate from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company reissued an "underweight" rating and issued a $8.00 price objective on shares of Clarivate in a report on Friday, December 15th. Finally, Oppenheimer decreased their price objective on Clarivate from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.00.

Clarivate Price Performance

NYSE:CLVT traded up $0.24 during trading hours on Tuesday, hitting $7.65. The company's stock had a trading volume of 2,347,084 shares, compared to its average volume of 4,008,399. The business's 50-day moving average is $7.99 and its two-hundred day moving average is $7.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. Clarivate Plc has a 52-week low of $6.07 and a 52-week high of $10.03.

Clarivate (NYSE:CLVT - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $683.70 million during the quarter, compared to analysts' expectations of $687.80 million. Clarivate had a positive return on equity of 9.95% and a negative net margin of 34.66%. Clarivate's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. As a group, research analysts forecast that Clarivate Plc will post 0.62 EPS for the current fiscal year.

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.