Alaska Permanent Fund Corp Has $2.27 Million Holdings in Clarivate Plc (NYSE:CLVT)

Alaska Permanent Fund Corp boosted its stake in shares of Clarivate Plc (NYSE:CLVT) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,069 shares of the company’s stock after acquiring an additional 18,530 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Clarivate were worth $2,267,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Exor N.V. increased its stake in shares of Clarivate by 102.4% in the fourth quarter. Exor N.V. now owns 65,728,365 shares of the company’s stock valued at $608,645,000 after buying an additional 33,256,346 shares in the last quarter. Baupost Group LLC MA increased its stake in shares of Clarivate by 13.3% in the fourth quarter. Baupost Group LLC MA now owns 25,500,000 shares of the company’s stock valued at $236,130,000 after buying an additional 3,000,000 shares in the last quarter. Glenview Capital Management LLC increased its stake in shares of Clarivate by 22.2% in the fourth quarter. Glenview Capital Management LLC now owns 24,651,047 shares of the company’s stock valued at $228,269,000 after buying an additional 4,472,302 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Clarivate by 2.2% in the third quarter. Vanguard Group Inc. now owns 7,986,939 shares of the company’s stock valued at $53,592,000 after buying an additional 171,326 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Clarivate by 40.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,807,785 shares of the company’s stock valued at $72,304,000 after buying an additional 2,254,302 shares in the last quarter. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CLVT. The Goldman Sachs Group lowered their target price on Clarivate from $8.50 to $7.50 and set a “buy” rating for the company in a research note on Thursday, May 9th. Barclays lowered their price objective on Clarivate from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Wednesday, February 28th. Oppenheimer lowered their price objective on Clarivate from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Royal Bank of Canada lowered their price objective on Clarivate from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Finally, Morgan Stanley decreased their target price on Clarivate from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Three investment 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.com, Clarivate presently has a consensus rating of “Hold” and a consensus target price of $7.78.

Clarivate Stock Performance

NYSE:CLVT opened at $5.47 on Friday. Clarivate Plc has a fifty-two week low of $5.19 and a fifty-two week high of $10.03. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The business’s 50-day simple moving average is $6.27 and its 200-day simple moving average is $7.63.

Clarivate (NYSE:CLVT) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $621.20 million for the quarter, compared to analysts’ expectations of $614.57 million. Clarivate had a positive return on equity of 10.11% and a negative net margin of 39.29%. Research analysts anticipate that Clarivate Plc will post 0.62 earnings per share for the current fiscal year.

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.