3,773,930 Shares in Clarivate Plc (NYSE:CLVT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Clarivate Plc (NYSE:CLVT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,773,930 shares of the company's stock, valued at approximately $19,172,000. Raymond James Financial Inc. owned about 0.53% of Clarivate at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Clarivate during the 4th quarter valued at about $27,764,000. Clarkston Capital Partners LLC raised its position in Clarivate by 8.1% in the 4th quarter. Clarkston Capital Partners LLC now owns 70,733,831 shares of the company's stock valued at $359,328,000 after buying an additional 5,319,535 shares during the last quarter. American Century Companies Inc. raised its position in 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 last quarter. Perpetual Ltd boosted its holdings in Clarivate by 24.6% during the 4th quarter. Perpetual Ltd now owns 9,192,680 shares of the company's stock worth $46,699,000 after acquiring an additional 1,816,936 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Clarivate by 33.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 6,492,760 shares of the company's stock worth $32,983,000 after acquiring an additional 1,632,930 shares in the last quarter. 85.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 Stock Performance

Shares of CLVT stock traded up $0.06 during trading hours on Thursday, hitting $3.51. 3,262,506 shares of the company were exchanged, compared to its average volume of 5,892,586. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -3.65 and a beta of 1.48. The firm has a fifty day simple moving average of $3.98 and a 200 day simple moving average of $4.98. Clarivate Plc has a 52-week low of $3.04 and a 52-week high of $7.30.

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.