Squarepoint Ops LLC Acquires New Stake in Clarivate Plc (NYSE:CLVT)

Squarepoint Ops LLC acquired a new stake in shares of Clarivate Plc (NYSE:CLVT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,194 shares of the company’s stock, valued at approximately $1,139,000.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in shares of Clarivate during the 2nd quarter worth $26,000. Evermay Wealth Management LLC bought a new position in Clarivate during the first quarter worth about $31,000. Forum Financial Management LP purchased a new position in shares of Clarivate in the second quarter worth about $75,000. J.W. Cole Advisors Inc. purchased a new position in shares of Clarivate in the first quarter worth about $76,000. Finally, Headlands Technologies LLC raised its position in shares of Clarivate by 749.2% in the second quarter. Headlands Technologies LLC now owns 14,632 shares of the company’s stock valued at $83,000 after purchasing an additional 12,909 shares during the period. 85.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLVT has been the subject of several analyst reports. Royal Bank of Canada reduced their price objective on shares of Clarivate from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Barclays cut their price target on Clarivate from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Clarivate currently has a consensus rating of “Hold” and a consensus target price of $7.71.

Insider Buying and Selling

In other Clarivate news, insider Bar Veinstein sold 120,000 shares of Clarivate stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $7.00, for a total transaction of $840,000.00. Following the completion of the sale, the insider now directly owns 976,583 shares in the company, valued at $6,836,081. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Bar Veinstein sold 120,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $7.00, for a total value of $840,000.00. Following the transaction, the insider now owns 976,583 shares of the company’s stock, valued at $6,836,081. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Saurabh Saha sold 17,646 shares of Clarivate stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $6.75, for a total value of $119,110.50. Following the sale, the director now directly owns 23,741 shares of the company’s stock, valued at approximately $160,251.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 22.77% of the stock is owned by company insiders.

Clarivate Stock Up 0.6 %

Shares of NYSE:CLVT opened at $6.66 on Friday. The firm has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $6.43. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -4.01 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. Clarivate Plc has a one year low of $4.97 and a one year high of $9.60.

Clarivate (NYSE:CLVT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $650.30 million during the quarter, compared to analyst estimates of $651.94 million. Clarivate had a positive return on equity of 10.01% and a negative net margin of 46.53%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Analysts anticipate that Clarivate Plc will post 0.64 EPS for the current fiscal 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.