Stifel Financial Corp Reduces Position in Clarivate Plc (NYSE:CLVT)

Stifel Financial Corp trimmed its holdings in Clarivate Plc (NYSE:CLVT) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 51,012 shares of the company’s stock after selling 2,315 shares during the period. Stifel Financial Corp’s holdings in Clarivate were worth $259,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company’s stock worth $27,000 after acquiring an additional 3,245 shares during the period. RPO LLC acquired a new stake in shares of Clarivate in the 4th quarter worth approximately $55,000. Kathmere Capital Management LLC purchased a new position in Clarivate in the 4th quarter valued at approximately $58,000. Truist Financial Corp increased its stake in Clarivate by 27.3% in the 4th quarter. Truist Financial Corp now owns 14,000 shares of the company’s stock valued at $71,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Clarivate during the fourth quarter worth $72,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

Clarivate Trading Up 1.6%

Shares of CLVT opened at $4.51 on Thursday. The company has a market capitalization of $3.08 billion, a PE ratio of -4.70 and a beta of 1.49. The stock has a fifty day moving average of $3.88 and a two-hundred day moving average of $4.72. Clarivate Plc has a fifty-two week low of $3.04 and a fifty-two week high of $7.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.87.

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

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $6.00 target price on shares of Clarivate in a report 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.