River Road Asset Management LLC Cuts Stock Holdings in Clarivate Plc (NYSE:CLVT)

River Road Asset Management LLC trimmed its position in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,683,993 shares of the company's stock after selling 137,527 shares during the quarter. River Road Asset Management LLC owned approximately 1.01% of Clarivate worth $61,894,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of Clarivate in the third quarter valued at $33,000. Tower Research Capital LLC TRC lifted its position in Clarivate by 201.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,682 shares of the company's stock worth $45,000 after buying an additional 3,129 shares during the period. Macquarie Group Ltd. lifted its position in Clarivate by 40.5% during the first quarter. Macquarie Group Ltd. now owns 6,077 shares of the company's stock worth $57,000 after buying an additional 1,753 shares during the period. Forum Financial Management LP purchased a new position in Clarivate during the third quarter worth about $81,000. Finally, Penserra Capital Management LLC increased its stake in Clarivate by 50.0% during the first quarter. Penserra Capital Management LLC now owns 5,322 shares of the company's stock worth $89,000 after acquiring an additional 1,774 shares during the last quarter. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CLVT shares. Barclays dropped their price target on Clarivate from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Wednesday, February 28th. Oppenheimer dropped their price target on Clarivate from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, February 28th. Morgan Stanley dropped their price target on Clarivate from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada dropped their price target on Clarivate from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.00.

Clarivate Stock Up 1.8 %

Shares of CLVT stock traded up $0.12 during trading hours on Wednesday, reaching $6.91. The company had a trading volume of 3,913,559 shares, compared to its average volume of 4,061,445. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 0.91. Clarivate Plc has a twelve month low of $6.07 and a twelve month high of $10.03. The company has a market capitalization of $4.62 billion, a P/E ratio of -4.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. The stock's fifty day simple moving average is $7.71 and its 200 day simple moving average is $7.84.

Clarivate (NYSE:CLVT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $683.70 million during the quarter, compared to the consensus estimate 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 for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. As a group, sell-side analysts expect that Clarivate Plc will post 0.61 earnings per share 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.