Twin Focus Capital Partners LLC Takes Position in Clarivate Plc (NYSE:CLVT)

Twin Focus Capital Partners LLC acquired a new position in Clarivate Plc (NYSE:CLVT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Clarivate by 52.3% in the 3rd 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 last quarter. HighTower Advisors LLC boosted its stake in shares of Clarivate by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 144,539 shares of the company’s stock worth $969,000 after acquiring an additional 4,099 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Clarivate by 11.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 343,657 shares of the company’s stock valued at $2,306,000 after acquiring an additional 36,500 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of Clarivate in the 3rd quarter valued at approximately $316,000. Finally, CI Investments Inc. lifted its holdings in Clarivate by 506.3% in the 3rd quarter. CI Investments Inc. now owns 40,626 shares of the company’s stock worth $273,000 after purchasing an additional 33,925 shares during the last quarter. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Clarivate from $8.50 to $7.50 and set a “buy” rating for the company in a research report on Thursday, May 9th. 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 report on Wednesday, February 28th. Barclays cut their target price on Clarivate from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. 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 note on Wednesday, February 28th. Finally, Morgan Stanley decreased their target price 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. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Clarivate currently has an average rating of “Hold” and an average target price of $7.78.

Clarivate Stock Up 1.3 %

CLVT stock traded up $0.07 during trading on Friday, reaching $5.41. The stock had a trading volume of 4,865,966 shares, compared to its average volume of 5,062,920. Clarivate Plc has a one year low of $5.27 and a one year high of $10.03. The company’s 50 day moving average is $6.41 and its two-hundred day moving average is $7.68. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -3.26, a P/E/G ratio of 3.65 and a beta of 1.20.

Clarivate (NYSE:CLVT) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Clarivate had a negative net margin of 39.29% and a positive return on equity of 10.11%. The company had revenue of $621.20 million for the quarter, compared to analysts’ expectations of $614.57 million. Equities research analysts forecast that Clarivate Plc will post 0.62 EPS for the current year.

About Clarivate

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.