Exor N.V. Purchases 33,256,346 Shares of Clarivate Plc (NYSE:CLVT)

Exor N.V. boosted its position in Clarivate Plc (NYSE:CLVT) by 102.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,728,365 shares of the company’s stock after acquiring an additional 33,256,346 shares during the quarter. Clarivate accounts for about 15.8% of Exor N.V.’s holdings, making the stock its 2nd biggest holding. Exor N.V. owned 9.90% of Clarivate worth $608,645,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CLVT. Canada Pension Plan Investment Board raised its holdings in Clarivate by 1,614.5% during the third quarter. Canada Pension Plan Investment Board now owns 1,119,600 shares of the company’s stock worth $7,513,000 after purchasing an additional 1,054,300 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Clarivate during the third quarter worth approximately $6,710,000. Clarkston Capital Partners LLC grew its position in shares of Clarivate by 12.0% during the third quarter. Clarkston Capital Partners LLC now owns 57,567,115 shares of the company’s stock worth $386,275,000 after acquiring an additional 6,172,694 shares during the last quarter. Boston Partners grew its position in shares of Clarivate by 109.6% during the third quarter. Boston Partners now owns 546,671 shares of the company’s stock worth $3,668,000 after acquiring an additional 285,881 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Clarivate by 2.9% during the third quarter. HighTower Advisors LLC now owns 144,539 shares of the company’s stock worth $969,000 after acquiring an additional 4,099 shares during the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.

Clarivate Trading Down 0.1 %

CLVT traded down $0.01 during midday trading on Thursday, hitting $6.94. The company’s stock had a trading volume of 3,737,652 shares, compared to its average volume of 4,066,111. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. Clarivate Plc has a 52-week low of $6.07 and a 52-week high of $10.03. The firm has a market cap of $4.63 billion, a P/E ratio of -4.70, a PEG ratio of 1.39 and a beta of 1.24. The firm has a 50-day moving average price of $7.29 and a two-hundred day moving average price of $7.87.

Clarivate (NYSE:CLVT) last issued its earnings results on Tuesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Clarivate had a positive return on equity of 9.95% and a negative net margin of 34.66%. The business had revenue of $683.70 million during the quarter, compared to analysts’ expectations of $687.80 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts anticipate that Clarivate Plc will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CLVT. Morgan Stanley lowered 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. Barclays lowered their price objective on shares of Clarivate from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 28th. Oppenheimer lowered their price objective on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada lowered their price objective on shares of Clarivate from $10.00 to $8.00 and set a “sector perform” 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 given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

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.