Clarivate Plc (NYSE:CLVT) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its holdings in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 29.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 390,186 shares of the company's stock after selling 162,934 shares during the period. Invesco Ltd. owned approximately 0.05% of Clarivate worth $1,982,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake in shares of Clarivate by 6,954.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 112,242 shares of the company's stock worth $570,000 after acquiring an additional 110,651 shares during the period. Clarkston Capital Partners LLC lifted its position in Clarivate by 8.1% in the fourth quarter. Clarkston Capital Partners LLC now owns 70,733,831 shares of the company's stock valued at $359,328,000 after purchasing an additional 5,319,535 shares during the period. RPO LLC purchased a new stake in Clarivate in the 4th quarter valued at approximately $55,000. Headlands Technologies LLC acquired a new position in Clarivate during the 4th quarter worth approximately $112,000. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Clarivate by 33.6% during 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 buying an additional 1,632,930 shares in the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.

Clarivate Trading Up 17.0 %

Shares of Clarivate stock opened at $4.20 on Wednesday. The business's fifty day moving average is $3.89 and its two-hundred day moving average is $4.89. 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 fifty-two week low of $3.04 and a fifty-two week high of $7.30. The firm has a market cap of $2.89 billion, a PE ratio of -4.37 and a beta of 1.48.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated a "sector perform" rating and issued a $6.00 price target on shares of Clarivate in a report 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.

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