Clarivate Plc (NYSE:CLVT) is Baupost Group LLC MA's 8th Largest Position

Baupost Group LLC MA increased its position in shares of Clarivate Plc (NYSE:CLVT - Free Report) by 13.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,500,000 shares of the company's stock after purchasing an additional 3,000,000 shares during the quarter. Clarivate makes up approximately 5.2% of Baupost Group LLC MA's investment portfolio, making the stock its 8th largest position. Baupost Group LLC MA owned about 3.84% of Clarivate worth $236,130,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Exor N.V. grew its holdings in Clarivate by 102.4% in the 4th quarter. Exor N.V. now owns 65,728,365 shares of the company's stock valued at $608,645,000 after buying an additional 33,256,346 shares in the last quarter. Impactive Capital LP grew its holdings in Clarivate by 56.8% in the 2nd quarter. Impactive Capital LP now owns 28,608,919 shares of the company's stock valued at $272,643,000 after buying an additional 10,368,333 shares in the last quarter. Select Equity Group L.P. grew its holdings in Clarivate by 70.1% in the 1st quarter. Select Equity Group L.P. now owns 19,454,805 shares of the company's stock valued at $182,681,000 after buying an additional 8,018,679 shares in the last quarter. Norges Bank purchased a new stake in Clarivate in the 4th quarter valued at $64,910,000. Finally, River Road Asset Management LLC purchased a new stake in Clarivate in the 3rd quarter valued at $45,772,000. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer dropped their target price on Clarivate from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company reiterated an "underweight" rating and set a $8.00 price target on shares of Clarivate in a report on Friday, December 15th. Barclays lowered their price target on Clarivate from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada lowered their price target on Clarivate from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Wednesday, February 28th. Finally, Morgan Stanley lowered their price target on Clarivate from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.00.

Clarivate Trading Up 0.6 %

CLVT traded up $0.04 during mid-day trading on Monday, hitting $7.42. 2,308,523 shares of the stock were exchanged, compared to its average volume of 4,033,174. The firm's fifty day moving average is $7.99 and its two-hundred day moving average is $7.84. Clarivate Plc has a 1-year low of $6.07 and a 1-year high of $10.03. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The company has a market cap of $4.95 billion, a PE ratio of -5.01, a PEG ratio of 1.51 and a beta of 1.24.

Clarivate (NYSE:CLVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Clarivate had a positive return on equity of 9.95% and a negative net margin of 34.66%. The company had revenue of $683.70 million for the quarter, compared to analyst estimates of $687.80 million. During the same quarter last year, the company earned $0.20 EPS. Clarivate's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Clarivate Plc will post 0.62 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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