Vestmark Advisory Solutions Inc. Sells 12,257 Shares of Clarivate Plc (NYSE:CLVT)

Vestmark Advisory Solutions Inc. trimmed its stake in Clarivate Plc (NYSE:CLVT) by 45.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,660 shares of the company’s stock after selling 12,257 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Clarivate were worth $136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alaska Permanent Fund Corp boosted its stake in shares of Clarivate by 0.9% during the 4th quarter. Alaska Permanent Fund Corp now owns 286,539 shares of the company’s stock worth $2,653,000 after purchasing an additional 2,539 shares during the period. California Public Employees Retirement System grew its stake in shares of Clarivate by 12.5% during the fourth quarter. California Public Employees Retirement System now owns 780,468 shares of the company’s stock valued at $7,227,000 after buying an additional 86,795 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Clarivate by 103.8% in the fourth quarter. Handelsbanken Fonder AB now owns 127,600 shares of the company’s stock worth $1,182,000 after buying an additional 65,000 shares during the period. Cerity Partners LLC bought a new stake in shares of Clarivate during the 4th quarter worth approximately $956,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Clarivate by 13.5% during the 4th 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 period. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Clarivate Price Performance

NYSE CLVT opened at $6.95 on Wednesday. The company has a market cap of $4.64 billion, a PE ratio of -4.70, a P/E/G ratio of 1.41 and a beta of 1.24. Clarivate Plc has a 52-week low of $6.07 and a 52-week high of $10.03. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50 day moving average price is $7.16 and its 200-day moving average price is $7.88.

Clarivate (NYSE:CLVT) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $683.70 million for 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 business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. Sell-side analysts forecast that Clarivate Plc will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CLVT. Barclays reduced their target price on Clarivate from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Oppenheimer decreased their price objective on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada dropped their target price on shares of 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, Morgan Stanley decreased their price target on shares of Clarivate from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Clarivate presently has an average rating of “Hold” and an average target price of $8.00.

Clarivate Company 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.