Clarivate Plc (NYSE:CLVT) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC grew its stake in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 320.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 838,320 shares of the company's stock after acquiring an additional 638,977 shares during the period. Jane Street Group LLC owned about 0.12% of Clarivate worth $4,259,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Clarkston Capital Partners LLC boosted its stake in shares of Clarivate by 8.1% during 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Clarivate by 53.6% during 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 buying an additional 9,691,104 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Clarivate by 14.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 10,498,588 shares of the company's stock valued at $53,333,000 after acquiring an additional 1,323,329 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Clarivate by 24.6% in the 4th quarter. Perpetual Ltd now owns 9,192,680 shares of the company's stock valued at $46,699,000 after acquiring an additional 1,816,936 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Clarivate by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 8,750,858 shares of the company's stock worth $44,454,000 after acquiring an additional 538,907 shares in the last quarter. Hedge funds and other institutional investors own 85.72% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $6.00 price objective on shares of Clarivate in a research report on Thursday, February 20th.

Clarivate Price Performance

Shares of CLVT stock traded down $0.03 during mid-day trading on Friday, hitting $4.29. 1,084,507 shares of the stock were exchanged, compared to its average volume of 6,018,933. Clarivate Plc has a 52-week low of $3.04 and a 52-week high of $7.15. 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 company has a market cap of $2.93 billion, a PE ratio of -4.46 and a beta of 1.49. The firm has a fifty day moving average of $3.88 and a 200 day moving average of $4.71.

Clarivate (NYSE:CLVT - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $574.03 million. Clarivate had a negative net margin of 24.90% and a positive return on equity of 9.10%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Research analysts anticipate that Clarivate Plc will post 0.63 earnings per share 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.