Raymond James Financial Services Advisors Inc. Boosts Stock Holdings in Clarivate Plc (NYSE:CLVT)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Clarivate Plc (NYSE:CLVT) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,032 shares of the company’s stock after buying an additional 2,743 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Clarivate were worth $213,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wedmont Private Capital purchased a new stake in shares of Clarivate during the fourth quarter worth about $99,000. Vanguard Group Inc. boosted its holdings in shares of Clarivate by 2.2% during the third quarter. Vanguard Group Inc. now owns 7,986,939 shares of the company’s stock worth $53,592,000 after purchasing an additional 171,326 shares during the period. Public Sector Pension Investment Board purchased a new stake in shares of Clarivate during the third quarter worth about $6,710,000. SkyView Investment Advisors LLC boosted its holdings in shares of Clarivate by 4.9% during the third quarter. SkyView Investment Advisors LLC now owns 112,621 shares of the company’s stock worth $756,000 after purchasing an additional 5,297 shares during the period. Finally, Tudor Investment Corp Et Al boosted its holdings in shares of Clarivate by 11.9% during the third quarter. Tudor Investment Corp Et Al now owns 893,260 shares of the company’s stock worth $5,994,000 after purchasing an additional 95,307 shares during the period. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Clarivate Trading Down 0.6 %

NYSE:CLVT opened at $7.10 on Thursday. 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 12 month low of $6.07 and a 12 month high of $10.03. The company has a market cap of $4.74 billion, a PE ratio of -4.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The company has a 50 day simple moving average of $7.49 and a two-hundred day simple moving average of $7.86.

Clarivate (NYSE:CLVT) last posted its earnings results on Tuesday, February 27th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Clarivate had a negative net margin of 34.66% and a positive return on equity of 9.95%. The business had revenue of $683.70 million during the quarter, compared to the consensus estimate of $687.80 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Research analysts forecast that Clarivate Plc will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Clarivate from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Barclays lowered their price objective on shares of Clarivate from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada lowered their price objective on shares of Clarivate from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Finally, Oppenheimer decreased their target price on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating for the company in a research note 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 stock. According to MarketBeat, Clarivate presently has an average rating of “Hold” and an average price target of $8.00.

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.