Cerity Partners LLC decreased its holdings in Clarivate Plc (NYSE:CLVT - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,887 shares of the company's stock after selling 105,317 shares during the period. Cerity Partners LLC's holdings in Clarivate were worth $492,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its holdings in shares of Clarivate by 6,954.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 112,242 shares of the company's stock worth $570,000 after purchasing an additional 110,651 shares during the period. Clarkston Capital Partners LLC lifted its holdings in shares of Clarivate by 8.1% in the 4th quarter. Clarkston Capital Partners LLC now owns 70,733,831 shares of the company's stock worth $359,328,000 after acquiring an additional 5,319,535 shares during the last quarter. RPO LLC purchased a new position in shares of Clarivate during the 4th quarter worth approximately $55,000. Headlands Technologies LLC acquired a new stake in Clarivate in the 4th quarter valued at approximately $112,000. Finally, Edmond DE Rothschild Holding S.A. raised its position in Clarivate by 33.6% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 6,492,760 shares of the company's stock valued at $32,983,000 after purchasing an additional 1,632,930 shares during the period. 85.72% of the stock is owned by hedge funds and other institutional investors.
Clarivate Stock Performance
CLVT stock traded up $0.12 during trading on Friday, hitting $3.62. The company had a trading volume of 8,578,242 shares, compared to its average volume of 5,138,290. Clarivate Plc has a 1-year low of $3.04 and a 1-year high of $7.30. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $3.93 and a 200-day moving average price of $4.94. The firm has a market cap of $2.49 billion, a PE ratio of -3.77 and a beta of 1.48.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada reissued a "sector perform" rating and issued a $6.00 price objective on shares of Clarivate in a research note on Thursday, February 20th.
Check Out Our Latest Stock Report on Clarivate
Clarivate Company Profile
(
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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