Russell Investments Group Ltd. trimmed its holdings in Clarivate Plc (NYSE:CLVT - Free Report) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,547,806 shares of the company's stock after selling 409,455 shares during the quarter. Russell Investments Group Ltd. owned about 0.36% of Clarivate worth $12,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Clarivate by 161.4% in the fourth 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 bought a new stake in Clarivate in the fourth quarter valued at $55,000. Kathmere Capital Management LLC acquired a new position in shares of Clarivate during the fourth quarter valued at about $58,000. Truist Financial Corp boosted its position in shares of Clarivate by 27.3% during the 4th quarter. Truist Financial Corp now owns 14,000 shares of the company's stock worth $71,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Clarivate during the 4th quarter worth about $72,000. Institutional investors own 85.72% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 price target on shares of Clarivate in a research note on Thursday, February 20th.
Read Our Latest Research Report on Clarivate
Clarivate Stock Down 0.1 %
CLVT stock traded down $0.01 during midday trading on Wednesday, reaching $3.44. 470,517 shares of the company's stock traded hands, compared to its average volume of 5,949,800. Clarivate Plc has a 52 week low of $3.04 and a 52 week high of $7.30. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -3.59 and a beta of 1.48. The firm's fifty day moving average price is $4.17 and its 200-day moving average price is $5.11. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.88.
About Clarivate
(
Free Report)
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.
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