Clarivate Plc (NYSE:CLVT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,162,427 shares of the company's stock after selling 80,909 shares during the period. Geode Capital Management LLC owned about 1.01% of Clarivate worth $36,397,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Perpetual Ltd increased its position in shares of Clarivate by 24.6% during the fourth quarter. Perpetual Ltd now owns 9,192,680 shares of the company's stock worth $46,699,000 after purchasing an additional 1,816,936 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Clarivate by 161.4% in the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock valued at $27,000 after acquiring an additional 3,245 shares during the period. American Century Companies Inc. grew its position in shares of Clarivate by 175.5% during the fourth quarter. American Century Companies Inc. now owns 5,061,276 shares of the company's stock worth $25,711,000 after acquiring an additional 3,224,278 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Clarivate by 11,132.2% in the 4th quarter. IFP Advisors Inc now owns 20,555 shares of the company's stock valued at $106,000 after acquiring an additional 20,372 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Clarivate during the 3rd quarter worth $1,072,000. Institutional investors and hedge funds own 85.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated a "sector perform" rating and set a $6.00 target price on shares of Clarivate in a research note on Thursday, February 20th.

Clarivate Price Performance

NYSE:CLVT traded down $0.10 during trading hours on Friday, hitting $3.38. The company's stock had a trading volume of 5,676,635 shares, compared to its average volume of 5,108,494. The company has a market capitalization of $2.33 billion, a PE ratio of -3.52 and a beta of 1.48. Clarivate Plc has a 52-week low of $3.04 and a 52-week high of $7.31. The business's 50-day moving average is $4.07 and its two-hundred day moving average is $5.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.87.

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.