Campbell & CO Investment Adviser LLC Takes Position in Clarivate Plc (NYSE:CLVT)

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Clarivate Plc (NYSE:CLVTFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 48,017 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors have also recently made changes to their positions in CLVT. Principal Financial Group Inc. lifted its position in Clarivate by 5.5% during the third quarter. Principal Financial Group Inc. now owns 36,983 shares of the company’s stock valued at $248,000 after purchasing an additional 1,927 shares during the period. New York Life Investment Management LLC lifted its position in Clarivate by 104.2% during the third quarter. New York Life Investment Management LLC now owns 43,574 shares of the company’s stock valued at $292,000 after purchasing an additional 22,238 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Clarivate by 52.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,495,760 shares of the company’s stock valued at $30,167,000 after purchasing an additional 1,544,706 shares during the period. HighTower Advisors LLC raised its position in Clarivate by 2.9% in the third quarter. HighTower Advisors LLC now owns 144,539 shares of the company’s stock worth $969,000 after acquiring an additional 4,099 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in Clarivate by 11.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 343,657 shares of the company’s stock worth $2,306,000 after acquiring an additional 36,500 shares during the period. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CLVT. Oppenheimer decreased their price target on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada decreased their price target on shares of Clarivate from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. The Goldman Sachs Group decreased their price target on shares of Clarivate from $8.50 to $7.50 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Morgan Stanley decreased their price target on shares of 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, Barclays decreased their price objective on shares of Clarivate from $7.00 to $6.00 and set an “underweight” 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 issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Clarivate currently has a consensus rating of “Hold” and a consensus target price of $7.78.

Check Out Our Latest Stock Report on Clarivate

Clarivate Stock Performance

CLVT opened at $5.68 on Tuesday. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of -3.42, a PEG ratio of 3.84 and a beta of 1.20. The company has a fifty day moving average of $6.56 and a 200 day moving average of $7.74. Clarivate Plc has a fifty-two week low of $5.51 and a fifty-two week high of $10.03. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 0.86.

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

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.

Further Reading

Institutional Ownership by Quarter for Clarivate (NYSE:CLVT)

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