Oppenheimer Asset Management Inc. Sells 133,736 Shares of Clarivate Plc (NYSE:CLVT)

Oppenheimer Asset Management Inc. decreased its holdings in Clarivate Plc (NYSE:CLVT - Free Report) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,992 shares of the company's stock after selling 133,736 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Clarivate were worth $1,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. KBC Group NV grew its position in Clarivate by 33.2% during the third quarter. KBC Group NV now owns 10,225 shares of the company's stock worth $73,000 after buying an additional 2,549 shares in the last quarter. Integrated Investment Consultants LLC grew its position in Clarivate by 2.9% during the third quarter. Integrated Investment Consultants LLC now owns 96,656 shares of the company's stock worth $686,000 after buying an additional 2,696 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Clarivate by 2.3% during the third quarter. OneDigital Investment Advisors LLC now owns 126,773 shares of the company's stock worth $900,000 after buying an additional 2,865 shares in the last quarter. Truist Financial Corp grew its position in Clarivate by 27.3% during the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock worth $71,000 after buying an additional 3,000 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock worth $27,000 after buying an additional 3,245 shares in the last quarter. Institutional investors own 85.72% of the company's stock.

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Analyst Ratings Changes

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

Clarivate Price Performance

Shares of CLVT stock traded up $0.16 during trading hours on Friday, reaching $4.36. The company's stock had a trading volume of 5,930,971 shares, compared to its average volume of 4,747,460. The firm's 50 day simple moving average is $4.98 and its 200-day simple moving average is $5.70. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -4.54 and a beta of 1.28. Clarivate Plc has a fifty-two week low of $4.00 and a fifty-two week high of $7.77. 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 declared that its Board of Directors has approved a share buyback plan on Monday, December 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

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.