Jane Street Group LLC Purchases 638,977 Shares of Clarivate Plc (NYSE:CLVT)

Jane Street Group LLC grew its position in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 320.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 838,320 shares of the company's stock after buying an additional 638,977 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of Clarivate worth $4,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. grew its stake in Clarivate by 17.3% during the fourth quarter. Xponance Inc. now owns 18,222 shares of the company's stock worth $93,000 after buying an additional 2,689 shares during the last quarter. Truist Financial Corp grew its stake in shares of Clarivate by 27.3% during the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock valued at $71,000 after purchasing an additional 3,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock valued at $27,000 after purchasing an additional 3,245 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Clarivate by 34.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock valued at $142,000 after purchasing an additional 7,247 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Clarivate by 77.2% during the fourth quarter. KBC Group NV now owns 18,115 shares of the company's stock valued at $92,000 after purchasing an additional 7,890 shares during the last quarter. 85.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $6.00 price target on shares of Clarivate in a research note on Thursday, February 20th.

Clarivate Price Performance

CLVT opened at $4.29 on Monday. Clarivate Plc has a one year low of $3.04 and a one year high of $7.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88. The company's 50 day simple moving average is $3.86 and its 200-day simple moving average is $4.74. The stock has a market capitalization of $2.93 billion, a P/E ratio of -4.47 and a beta of 1.49.

Clarivate (NYSE:CLVT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Clarivate had a negative net margin of 24.90% and a positive return on equity of 9.10%. The firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $574.03 million. During the same period last year, the firm earned $0.14 earnings per share. The business's revenue for the quarter was down 4.4% on a year-over-year basis. Sell-side analysts anticipate that Clarivate Plc will post 0.63 earnings per share for the current fiscal year.

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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