SG Americas Securities LLC Decreases Holdings in Clarivate Plc (NYSE:CLVT)

SG Americas Securities LLC trimmed its holdings in shares of Clarivate Plc (NYSE:CLVT) by 86.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,978 shares of the company’s stock after selling 92,930 shares during the period. SG Americas Securities LLC’s holdings in Clarivate were worth $139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Clarivate by 5.6% in the 1st quarter. US Bancorp DE now owns 14,343 shares of the company’s stock valued at $240,000 after purchasing an additional 765 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Clarivate by 0.8% in the 3rd quarter. Alliancebernstein L.P. now owns 215,181 shares of the company’s stock valued at $2,021,000 after purchasing an additional 1,605 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Clarivate by 4.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,950 shares of the company’s stock valued at $275,000 after purchasing an additional 1,751 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Clarivate by 40.5% in the 1st quarter. Macquarie Group Ltd. now owns 6,077 shares of the company’s stock valued at $57,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Clarivate by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 5,322 shares of the company’s stock valued at $89,000 after purchasing an additional 1,774 shares during the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CLVT shares. Barclays reduced their target price on 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 dropped their price target on Clarivate from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Morgan Stanley dropped their price target on Clarivate from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Finally, Oppenheimer dropped their price target on Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Three research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.00.

Clarivate Stock Performance

NYSE CLVT opened at $6.79 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $7.76 and its two-hundred day moving average is $7.85. Clarivate Plc has a 12-month low of $6.07 and a 12-month high of $10.03. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of -4.59, a PEG ratio of 1.46 and a beta of 1.24.

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