Clarivate Plc (NYSE:CLVT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Clarivate Plc (NYSE:CLVT - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,750,858 shares of the company's stock after buying an additional 538,907 shares during the quarter. Vanguard Group Inc. owned approximately 1.23% of Clarivate worth $44,454,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CLVT. Thompson Siegel & Walmsley LLC increased its position in shares of Clarivate by 14.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 10,498,588 shares of the company's stock worth $53,333,000 after purchasing an additional 1,323,329 shares in the last quarter. Perpetual Ltd boosted its stake in 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 buying an additional 1,816,936 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Clarivate by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,243,336 shares of the company's stock valued at $51,443,000 after acquiring an additional 571,289 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Clarivate by 175.5% in the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company's stock valued at $25,711,000 after buying an additional 3,224,278 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Clarivate in the fourth quarter worth approximately $19,172,000. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Clarivate Stock Down 1.3 %

CLVT traded down $0.05 on Thursday, reaching $3.44. The company's stock had a trading volume of 748,702 shares, compared to its average volume of 5,929,073. 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 Plc has a fifty-two week low of $3.04 and a fifty-two week high of $7.30. The stock has a 50 day moving average of $4.13 and a two-hundred day moving average of $5.10. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -3.58 and a beta of 1.48.

Wall Street Analysts Forecast Growth

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

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.