D. E. Shaw & Co. Inc. Acquires New Shares in Clarivate Plc (NYSE:CLVT)

D. E. Shaw & Co. Inc. purchased a new stake in Clarivate Plc (NYSE:CLVT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 207,859 shares of the company's stock, valued at approximately $1,056,000.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Clarivate by 53.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,776,892 shares of the company's stock worth $141,107,000 after purchasing an additional 9,691,104 shares in the last quarter. Norges Bank acquired a new position in Clarivate in the fourth quarter worth $27,764,000. Clarkston Capital Partners LLC boosted its stake in Clarivate by 8.1% in the fourth quarter. Clarkston Capital Partners LLC now owns 70,733,831 shares of the company's stock worth $359,328,000 after purchasing an additional 5,319,535 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Clarivate in the fourth quarter worth $19,172,000. Finally, Atairos Partners GP Inc. acquired a new position in Clarivate in the fourth quarter worth $17,602,000. 85.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CLVT shares. 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. Wall Street Zen raised Clarivate from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Clarivate Trading Down 0.1%

Shares of CLVT traded down $0.01 during trading hours on Thursday, hitting $4.23. 730,577 shares of the stock traded hands, compared to its average volume of 5,887,149. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. Clarivate Plc has a 1-year low of $3.04 and a 1-year high of $7.15. The firm has a market capitalization of $2.89 billion, a PE ratio of -4.40 and a beta of 1.49. The business has a fifty day moving average of $3.88 and a 200-day moving average of $4.60.

Clarivate (NYSE:CLVT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Clarivate had a positive return on equity of 9.10% and a negative net margin of 24.90%. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $574.03 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts expect that Clarivate Plc will post 0.63 EPS for the current year.

Clarivate Company 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.