Clarivate Plc (NYSE:CLVT) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its holdings in shares of Clarivate Plc (NYSE:CLVT) by 12.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,270,024 shares of the company’s stock after selling 334,053 shares during the period. Northern Trust Corp owned approximately 0.32% of Clarivate worth $11,532,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Perpetual Ltd grew its position in shares of Clarivate by 24.6% during the 4th quarter. Perpetual Ltd now owns 9,192,680 shares of the company’s stock valued at $46,699,000 after acquiring an additional 1,816,936 shares during the period. American Century Companies Inc. grew its position in shares of Clarivate by 175.5% during the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company’s stock valued at $25,711,000 after acquiring an additional 3,224,278 shares during the period. IFP Advisors Inc grew its position in shares of Clarivate by 11,132.2% during the 4th quarter. IFP Advisors Inc now owns 20,555 shares of the company’s stock valued at $106,000 after acquiring an additional 20,372 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Clarivate by 34.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company’s stock valued at $142,000 after acquiring an additional 7,247 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Clarivate during the 4th quarter valued at about $19,172,000. 85.72% of the stock is currently owned by institutional investors and hedge funds.

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 research report on Thursday, February 20th.

Clarivate Trading Down 0.1%

Shares of Clarivate stock opened at $4.31 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of -4.48 and a beta of 1.49. Clarivate Plc has a twelve month low of $3.04 and a twelve month high of $7.15. The firm’s 50-day moving average price is $3.88 and its 200 day moving average price is $4.69. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Clarivate (NYSE:CLVT) last issued 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 firm 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 quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. On average, sell-side analysts predict that Clarivate Plc will post 0.63 EPS for the current fiscal year.

About Clarivate

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.