Clarivate Plc (NYSE:CLVT) Short Interest Update

Clarivate Plc (NYSE:CLVT) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 32,190,000 shares, a decline of 35.5% from the May 31st total of 49,910,000 shares. Currently, 8.0% of the shares of the stock are short sold. Based on an average daily volume of 4,590,000 shares, the short-interest ratio is currently 7.0 days.

Institutional Trading of Clarivate

Hedge funds have recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. bought a new stake in Clarivate in the fourth quarter worth $25,576,000. Glenview Capital Management LLC raised its stake in shares of Clarivate by 22.2% during the fourth quarter. Glenview Capital Management LLC now owns 24,651,047 shares of the company’s stock valued at $228,269,000 after acquiring an additional 4,472,302 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Clarivate during the first quarter valued at about $18,389,000. Baupost Group LLC MA raised its stake in shares of Clarivate by 13.3% during the fourth quarter. Baupost Group LLC MA now owns 25,500,000 shares of the company’s stock valued at $236,130,000 after acquiring an additional 3,000,000 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Clarivate during the fourth quarter valued at about $54,457,000. 85.72% of the stock is owned by institutional investors.

Clarivate Stock Down 0.2 %

Shares of NYSE:CLVT opened at $5.69 on Friday. Clarivate has a 52-week low of $5.19 and a 52-week high of $10.03. The firm has a fifty day moving average of $6.08 and a 200 day moving average of $7.52. The firm has a market capitalization of $3.80 billion, a PE ratio of -3.43, a price-to-earnings-growth ratio of 3.85 and a beta of 1.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 0.86.

Clarivate (NYSE:CLVT) last announced its earnings results on Wednesday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $614.57 million. As a group, research analysts anticipate that Clarivate will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their price target 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. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.78.

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.