Raymond James Financial Inc. Acquires Shares of 3,773,930 Clarivate Plc (NYSE:CLVT)

Raymond James Financial Inc. acquired a new position in shares of Clarivate Plc (NYSE:CLVT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,773,930 shares of the company's stock, valued at approximately $19,172,000. Raymond James Financial Inc. owned approximately 0.53% of Clarivate as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Xponance Inc. lifted its position in shares of Clarivate by 17.3% in the fourth quarter. Xponance Inc. now owns 18,222 shares of the company's stock worth $93,000 after purchasing an additional 2,689 shares in the last quarter. Truist Financial Corp increased its position in shares of Clarivate by 27.3% in the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company's stock valued at $71,000 after acquiring an additional 3,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock worth $27,000 after acquiring an additional 3,245 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in Clarivate by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 161,798 shares of the company's stock valued at $1,149,000 after purchasing an additional 5,945 shares during the last quarter. Finally, KBC Group NV grew its stake in Clarivate by 77.2% in 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 in the last quarter. Institutional investors own 85.72% of the company's stock.

Clarivate Stock Performance

NYSE:CLVT traded up $0.09 during mid-day trading on Friday, hitting $3.59. The stock had a trading volume of 3,236,367 shares, compared to its average volume of 5,876,982. The company's 50 day simple moving average is $3.95 and its 200 day simple moving average is $4.96. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -3.73 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.87. Clarivate Plc has a twelve month low of $3.04 and a twelve month high of $7.30.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued a "sector perform" rating and issued a $6.00 price objective 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.