Oppenheimer Asset Management Inc. boosted its position in Clarivate PLC (NYSE:CLVT – Free Report) by 15.1% in the first quarter, HoldingsChannel reports. The firm owned 237,141 shares of the company’s stock after buying an additional 31,149 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Clarivate were worth $932,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPO LLC purchased a new stake in shares of Clarivate during the 4th quarter valued at $55,000. Schonfeld Strategic Advisors LLC bought a new position in Clarivate during the fourth quarter valued at about $56,000. Paragon Capital Management Ltd purchased a new stake in Clarivate during the first quarter worth about $62,000. Truist Financial Corp raised its position in Clarivate by 27.3% in the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company’s stock worth $71,000 after acquiring an additional 3,000 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Clarivate in the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Clarivate from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st.
Clarivate Stock Performance
NYSE:CLVT opened at $4.31 on Friday. The company has a market capitalization of $2.94 billion, a P/E ratio of -4.44 and a beta of 1.47. The business has a fifty day simple moving average of $4.17 and a two-hundred day simple moving average of $4.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.88 and a quick ratio of 0.88. Clarivate PLC has a 1 year low of $3.04 and a 1 year high of $7.15.
Clarivate (NYSE:CLVT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Clarivate had a positive return on equity of 8.75% and a negative net margin of 26.32%. The company had revenue of $593.70 million during the quarter, compared to analyst estimates of $574.03 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts expect that Clarivate PLC will post 0.63 earnings per share for the current year.
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.
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