Cerity Partners LLC lowered its stake in Clarivate Plc (NYSE:CLVT - Free Report) by 52.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,887 shares of the company's stock after selling 105,317 shares during the period. Cerity Partners LLC's holdings in Clarivate were worth $492,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CLVT. GAMMA Investing LLC raised its holdings in Clarivate by 161.4% in the 4th quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock worth $27,000 after acquiring an additional 3,245 shares during the period. RPO LLC bought a new position in shares of Clarivate in the fourth quarter worth about $55,000. Kathmere Capital Management LLC bought a new position in shares of Clarivate in the fourth quarter worth about $58,000. Truist Financial Corp lifted its position in shares of Clarivate by 27.3% during the 4th quarter. Truist Financial Corp now owns 14,000 shares of the company's stock worth $71,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Clarivate during the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 85.72% of the company's stock.
Clarivate Stock Performance
Shares of NYSE:CLVT traded up $0.15 on Wednesday, hitting $3.44. 4,318,605 shares of the company were exchanged, compared to its average volume of 5,106,157. Clarivate Plc has a one year low of $3.04 and a one year high of $7.30. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -3.58 and a beta of 1.48. The company's 50 day moving average price is $3.98 and its two-hundred day moving average price is $4.98. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.87.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $6.00 price target on shares of Clarivate in a research report on Thursday, February 20th.
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About Clarivate
(
Free Report)
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.
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