45,350 Shares in Clarivate Plc (NYSE:CLVT) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Clarivate Plc (NYSE:CLVT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,350 shares of the company’s stock, valued at approximately $258,000.

Several other large investors also recently bought and sold shares of the business. Truist Financial Corp bought a new stake in Clarivate in the second quarter worth $63,000. Algert Global LLC bought a new stake in Clarivate in the second quarter worth $172,000. Clearline Capital LP increased its position in Clarivate by 141.2% in the second quarter. Clearline Capital LP now owns 2,088,422 shares of the company’s stock worth $11,883,000 after purchasing an additional 1,222,646 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Clarivate by 18.2% in the second quarter. SkyView Investment Advisors LLC now owns 155,853 shares of the company’s stock worth $887,000 after purchasing an additional 23,989 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Clarivate in the second quarter worth $2,251,000. Institutional investors own 85.72% of the company’s stock.

Insider Activity

In related news, Director Andrew Miles Snyder bought 28,938 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $5.49 per share, with a total value of $158,869.62. Following the completion of the purchase, the director now owns 288,334 shares of the company’s stock, valued at $1,582,953.66. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Clarivate news, Director Andrew Miles Snyder acquired 28,938 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $5.49 per share, with a total value of $158,869.62. Following the completion of the purchase, the director now directly owns 288,334 shares in the company, valued at $1,582,953.66. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Saurabh Saha sold 17,646 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $6.75, for a total transaction of $119,110.50. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,646 shares of company stock valued at $1,379,111. 22.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CLVT. Barclays reduced their price target on shares of Clarivate from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada dropped 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.58.

Clarivate Price Performance

Shares of CLVT opened at $6.70 on Friday. The firm has a market capitalization of $4.48 billion, a P/E ratio of -4.04 and a beta of 1.17. Clarivate Plc has a 12-month low of $4.97 and a 12-month high of $9.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average price of $6.64 and a 200-day moving average price of $6.38.

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