Clarivate Plc (NYSE:CLVT) Stake Raised by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lifted its position in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,492,760 shares of the company's stock after acquiring an additional 1,632,930 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.91% of Clarivate worth $32,983,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Skba Capital Management LLC increased its stake in Clarivate by 343.7% in the 4th quarter. Skba Capital Management LLC now owns 57,680 shares of the company's stock valued at $293,000 after purchasing an additional 44,680 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Clarivate by 17.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 241,425 shares of the company's stock worth $1,229,000 after buying an additional 36,493 shares during the last quarter. Cove Street Capital LLC raised its stake in shares of Clarivate by 9.4% during the 4th quarter. Cove Street Capital LLC now owns 724,868 shares of the company's stock worth $3,681,000 after buying an additional 62,072 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Clarivate by 25.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 43,677 shares of the company's stock valued at $222,000 after acquiring an additional 8,742 shares during the last quarter. Finally, Norges Bank purchased a new position in Clarivate during the 4th quarter valued at about $27,764,000. Hedge funds and other institutional investors own 85.72% of the company's stock.

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Clarivate Trading Down 5.6 %

Shares of CLVT stock traded down $0.21 during mid-day trading on Friday, reaching $3.46. The company's stock had a trading volume of 3,008,093 shares, compared to its average volume of 4,951,829. The company's 50 day simple moving average is $4.57 and its 200-day simple moving average is $5.35. 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 12-month low of $3.21 and a 12-month high of $7.77. The firm has a market capitalization of $2.38 billion, a PE ratio of -3.60 and a beta of 1.28.

Clarivate announced that its board has initiated a stock repurchase plan on Monday, December 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 12.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $6.00 price objective on shares of Clarivate in a research note 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.