River Road Asset Management LLC Sells 137,527 Shares of Clarivate Plc (NYSE:CLVT)

River Road Asset Management LLC lessened its holdings in shares of Clarivate Plc (NYSE:CLVT) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 6,683,993 shares of the company’s stock after selling 137,527 shares during the quarter. River Road Asset Management LLC’s holdings in Clarivate were worth $61,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CLVT. Clarkston Capital Partners LLC increased its stake in shares of Clarivate by 12.0% in the third quarter. Clarkston Capital Partners LLC now owns 57,567,115 shares of the company’s stock worth $386,275,000 after purchasing an additional 6,172,694 shares in the last quarter. Impactive Capital LP raised its holdings in Clarivate by 15.7% during the third quarter. Impactive Capital LP now owns 33,108,919 shares of the company’s stock valued at $222,161,000 after acquiring an additional 4,500,000 shares during the period. BlackRock Inc. lifted its position in shares of Clarivate by 1.7% in the second quarter. BlackRock Inc. now owns 25,225,978 shares of the company’s stock valued at $240,404,000 after acquiring an additional 412,826 shares in the last quarter. Baupost Group LLC MA bought a new position in shares of Clarivate in the third quarter worth about $150,975,000. Finally, Select Equity Group L.P. grew its position in shares of Clarivate by 70.1% during the first quarter. Select Equity Group L.P. now owns 19,454,805 shares of the company’s stock worth $182,681,000 after purchasing an additional 8,018,679 shares in the last quarter. 85.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CLVT has been the topic of a number of research analyst reports. Barclays lowered their price target on Clarivate from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley lowered their price objective on shares of Clarivate from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Oppenheimer decreased their price target on Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Finally, Royal Bank of Canada decreased their price objective on shares of Clarivate from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.00.

Clarivate Trading Up 1.8 %

Shares of Clarivate stock traded up $0.12 on Wednesday, hitting $6.91. 3,913,509 shares of the company traded hands, compared to its average volume of 4,051,808. The stock’s 50 day moving average price is $7.76 and its 200-day moving average price is $7.85. The company has a market cap of $4.62 billion, a PE ratio of -4.59, a PEG 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 current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Clarivate (NYSE:CLVT) last issued its earnings results on Tuesday, February 27th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $683.70 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. Equities research analysts predict that Clarivate Plc will post 0.61 EPS for the current year.

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.