Principal Financial Group Inc. Has $290,000 Holdings in Clarivate Plc (NYSE:CLVT)

Principal Financial Group Inc. lifted its position in shares of Clarivate Plc (NYSE:CLVTFree Report) by 31.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,027 shares of the company’s stock after acquiring an additional 9,328 shares during the period. Principal Financial Group Inc.’s holdings in Clarivate were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Montag A & Associates Inc. grew its holdings in shares of Clarivate by 729.6% during the fourth quarter. Montag A & Associates Inc. now owns 7,732 shares of the company’s stock worth $72,000 after purchasing an additional 6,800 shares during the last quarter. Wedmont Private Capital bought a new stake in Clarivate during the 4th quarter worth approximately $99,000. TFO Wealth Partners LLC increased its position in Clarivate by 1,590,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 15,901 shares of the company’s stock valued at $147,000 after acquiring an additional 15,900 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Clarivate by 13.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,032 shares of the company’s stock valued at $213,000 after acquiring an additional 2,743 shares during the last quarter. Finally, Twin Focus Capital Partners LLC acquired a new position in shares of Clarivate during the fourth quarter worth $232,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

Clarivate Stock Down 0.9 %

Shares of NYSE:CLVT opened at $5.59 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $5.93 and its 200 day moving average is $7.40. Clarivate Plc has a 12-month low of $5.19 and a 12-month high of $10.03. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of -3.37, a PEG ratio of 3.78 and a beta of 1.15.

Clarivate (NYSE:CLVTGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $621.20 million for the quarter, compared to analyst estimates of $614.57 million. Clarivate had a positive return on equity of 10.11% and a negative net margin of 39.29%. On average, sell-side analysts forecast that Clarivate Plc will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group dropped their price objective on Clarivate from $8.50 to $7.50 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clarivate presently has an average rating of “Hold” and an average price target of $7.78.

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About Clarivate

(Free Report)

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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Institutional Ownership by Quarter for Clarivate (NYSE:CLVT)

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