Clarivate Plc (NYSE:CLVT) Shares Purchased by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp increased its stake in shares of Clarivate Plc (NYSE:CLVT) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 286,539 shares of the company’s stock after purchasing an additional 2,539 shares during the period. Alaska Permanent Fund Corp’s holdings in Clarivate were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new position in shares of Clarivate in the third quarter valued at $33,000. Forum Financial Management LP purchased a new position in shares of Clarivate in the third quarter valued at $81,000. Wedmont Private Capital purchased a new position in shares of Clarivate in the fourth quarter valued at $99,000. Simplicity Solutions LLC purchased a new position in shares of Clarivate in the third quarter valued at $108,000. Finally, Headlands Technologies LLC purchased a new position in shares of Clarivate in the third quarter valued at $110,000. 85.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CLVT shares. Morgan Stanley decreased their price objective on Clarivate from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Barclays decreased their price objective on Clarivate from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada decreased their price objective on Clarivate from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Finally, Oppenheimer decreased their price objective on Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Clarivate presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Clarivate Stock Down 3.0 %

Shares of NYSE:CLVT traded down $0.21 during mid-day trading on Thursday, hitting $6.90. 189,127 shares of the company traded hands, compared to its average volume of 4,032,665. The firm has a market cap of $4.61 billion, a P/E ratio of -4.80, a PEG ratio of 1.47 and a beta of 1.24. The firm’s 50 day simple moving average is $7.49 and its 200 day simple moving average is $7.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 0.91. Clarivate Plc has a 52-week low of $6.07 and a 52-week high of $10.03.

Clarivate (NYSE:CLVT) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $683.70 million during the quarter, compared to the consensus estimate of $687.80 million. Clarivate had a positive return on equity of 9.95% and a negative net margin of 34.66%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS. On average, equities analysts anticipate 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.