Ironwood Investment Counsel LLC Grows Position in Clarivate Plc (NYSE:CLVT)

Ironwood Investment Counsel LLC lifted its position in Clarivate Plc (NYSE:CLVT) by 3.5% during the 1st quarter, HoldingsChannel reports. The firm owned 76,225 shares of the company’s stock after acquiring an additional 2,575 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Clarivate were worth $566,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Montag A & Associates Inc. lifted its holdings in Clarivate by 729.6% during the fourth quarter. Montag A & Associates Inc. now owns 7,732 shares of the company’s stock worth $72,000 after buying an additional 6,800 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of Clarivate during the 1st quarter worth about $76,000. TFO Wealth Partners LLC lifted its stake in Clarivate by 1,590,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 15,901 shares of the company’s stock valued at $147,000 after buying an additional 15,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Clarivate by 13.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,032 shares of the company’s stock valued at $213,000 after buying an additional 2,743 shares in the last quarter. Finally, Twin Focus Capital Partners LLC acquired a new stake in shares of Clarivate during the 4th quarter worth approximately $232,000. 85.72% of the stock is owned by institutional investors.

Clarivate Stock Performance

NYSE CLVT remained flat at $6.59 during trading on Monday. The company’s stock had a trading volume of 5,445,047 shares, compared to its average volume of 4,268,965. Clarivate Plc has a one year low of $5.19 and a one year high of $9.69. The business’s 50 day simple moving average is $5.78 and its two-hundred day simple moving average is $7.15. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $4.40 billion, a P/E ratio of -3.97, a P/E/G ratio of 4.45 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their price objective on Clarivate from $8.50 to $7.50 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.78.

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.