OneDigital Investment Advisors LLC Acquires 153,638 Shares of Clarivate Plc (NYSE:CLVT)

OneDigital Investment Advisors LLC boosted its stake in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 121.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,411 shares of the company's stock after acquiring an additional 153,638 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Clarivate were worth $1,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Xponance Inc. raised its position in Clarivate by 17.3% in the 4th quarter. Xponance Inc. now owns 18,222 shares of the company's stock worth $93,000 after purchasing an additional 2,689 shares during the last quarter. Truist Financial Corp boosted its holdings in Clarivate by 27.3% during the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock worth $71,000 after buying an additional 3,000 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Clarivate by 161.4% during the 4th quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock worth $27,000 after buying an additional 3,245 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Clarivate by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 161,798 shares of the company's stock valued at $1,149,000 after acquiring an additional 5,945 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Clarivate by 34.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock valued at $142,000 after acquiring an additional 7,247 shares during the period. 85.72% of the stock is owned by institutional investors.

Clarivate Stock Up 1.3 %

Shares of NYSE:CLVT traded up $0.06 during midday trading on Wednesday, reaching $4.27. 2,179,078 shares of the company were exchanged, compared to its average volume of 5,169,316. The firm has a market cap of $2.94 billion, a PE ratio of -4.44 and a beta of 1.48. Clarivate Plc has a fifty-two week low of $3.04 and a fifty-two week high of $7.30. The stock has a fifty day simple moving average of $3.89 and a two-hundred day simple moving average of $4.89. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.88.

Clarivate (NYSE:CLVT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Clarivate had a negative net margin of 24.90% and a positive return on equity of 9.10%. The company had revenue of $593.70 million for the quarter, compared to the consensus estimate of $574.03 million. During the same period last year, the company earned $0.14 earnings per share. The firm's revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Clarivate Plc will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $6.00 target price on shares of Clarivate in a research note on Thursday, February 20th.

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.