Clarivate Plc (NYSE:CLVT) Shares Sold by Baupost Group LLC MA

Baupost Group LLC MA lessened its holdings in Clarivate Plc (NYSE:CLVT - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,279,205 shares of the company's stock after selling 2,650,430 shares during the period. Clarivate makes up 5.3% of Baupost Group LLC MA's investment portfolio, making the stock its 8th largest position. Baupost Group LLC MA owned 5.11% of Clarivate worth $184,298,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CLVT. GAMMA Investing LLC raised its holdings in shares of Clarivate by 161.4% in the 4th quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock valued at $27,000 after buying an additional 3,245 shares during the period. RPO LLC purchased a new stake in Clarivate during the fourth quarter worth about $55,000. Kathmere Capital Management LLC acquired a new stake in shares of Clarivate during the fourth quarter worth about $58,000. Truist Financial Corp boosted its stake in shares of Clarivate by 27.3% in the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock valued at $71,000 after purchasing an additional 3,000 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Clarivate in the fourth quarter valued at approximately $72,000. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Clarivate Stock Down 2.8 %

NYSE CLVT traded down $0.10 on Friday, hitting $3.38. 5,676,635 shares of the stock were exchanged, compared to its average volume of 5,108,494. Clarivate Plc has a fifty-two week low of $3.04 and a fifty-two week high of $7.31. The company has a 50-day moving average price of $4.07 and a 200-day moving average price of $5.05. The company has a market cap of $2.33 billion, a PE ratio of -3.52 and a beta of 1.48. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.88.

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.