Clarivate Plc (NYSE:CLVT) Shares Sold by Ethic Inc.

Ethic Inc. reduced its position in shares of Clarivate Plc (NYSE:CLVT) by 54.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 17,690 shares of the company’s stock after selling 20,956 shares during the quarter. Ethic Inc.’s holdings in Clarivate were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CLVT. RPO LLC acquired a new stake in shares of Clarivate during the 4th quarter valued at approximately $55,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Clarivate during the 4th quarter valued at approximately $56,000. Truist Financial Corp raised its position in shares of Clarivate by 27.3% during the 4th quarter. Truist Financial Corp now owns 14,000 shares of the company’s stock valued at $71,000 after acquiring an additional 3,000 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Clarivate during the 4th quarter valued at approximately $72,000. Finally, KBC Group NV raised its position in shares of Clarivate by 77.2% during the 4th quarter. KBC Group NV now owns 18,115 shares of the company’s stock valued at $92,000 after acquiring an additional 7,890 shares in the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.

Clarivate Price Performance

Shares of NYSE CLVT opened at $4.31 on Monday. Clarivate Plc has a 1-year low of $3.04 and a 1-year high of $7.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88. The business’s fifty day moving average price is $3.88 and its two-hundred day moving average price is $4.67. The firm has a market capitalization of $2.94 billion, a PE ratio of -4.48 and a beta of 1.49.

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

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $6.00 target price on shares of Clarivate in a research report on Thursday, February 20th.

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.