Thompson Siegel & Walmsley LLC Lowers Stock Holdings in Clarivate Plc (NYSE:CLVT)

Thompson Siegel & Walmsley LLC decreased its holdings in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,175,259 shares of the company's stock after selling 551,245 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.29% of Clarivate worth $65,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new stake in Clarivate during the second quarter worth about $26,000. KBC Group NV grew its stake in shares of Clarivate by 33.2% in the 3rd quarter. KBC Group NV now owns 10,225 shares of the company's stock valued at $73,000 after buying an additional 2,549 shares during the period. Truist Financial Corp acquired a new stake in shares of Clarivate during the 2nd quarter worth approximately $63,000. Forum Financial Management LP purchased a new stake in shares of Clarivate during the 2nd quarter valued at approximately $75,000. Finally, Empowered Funds LLC acquired a new position in Clarivate in the third quarter valued at approximately $101,000. Institutional investors and hedge funds own 85.72% of the company's stock.

Analysts Set New Price Targets

CLVT has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Clarivate from $7.00 to $6.00 and set a "sector perform" rating for the company in a research report on Thursday, November 7th. Barclays dropped their price target on shares of Clarivate from $5.00 to $4.00 and set an "underweight" rating for the company in a research report on Thursday, November 7th. Finally, William Blair lowered shares of Clarivate from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.25.

Insider Activity at Clarivate

In related news, insider Bar Veinstein sold 60,000 shares of Clarivate stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $7.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider now directly owns 916,583 shares of the company's stock, valued at approximately $6,416,081. The trade was a 6.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Saurabh Saha sold 17,646 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $6.75, for a total transaction of $119,110.50. Following the transaction, the director now directly owns 23,741 shares of the company's stock, valued at approximately $160,251.75. This trade represents a 42.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,646 shares of company stock valued at $1,379,111 in the last three months. 22.77% of the stock is currently owned by company insiders.

Clarivate Stock Up 1.0 %

Clarivate stock traded up $0.05 during mid-day trading on Thursday, reaching $5.14. 7,890,464 shares of the company's stock were exchanged, compared to its average volume of 4,504,633. The company has a fifty day moving average of $6.24 and a 200-day moving average of $6.14. The company has a market cap of $3.65 billion, a P/E ratio of -2.56 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.84. Clarivate Plc has a twelve month low of $4.25 and a twelve month high of $9.60.

Clarivate (NYSE:CLVT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $622.20 million during the quarter, compared to the consensus estimate of $640.81 million. Clarivate had a positive return on equity of 9.69% and a negative net margin of 50.00%. Clarivate's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. Sell-side analysts expect that Clarivate Plc will post 0.63 EPS for the current year.

Clarivate 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.