14,187 Shares in Clarivate Plc (NYSE:CLVT) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Clarivate Plc (NYSE:CLVT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,187 shares of the company’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Clarivate during the 4th quarter valued at about $19,172,000. American Century Companies Inc. raised its stake in shares of Clarivate by 175.5% during the fourth quarter. American Century Companies Inc. now owns 5,061,276 shares of the company’s stock worth $25,711,000 after buying an additional 3,224,278 shares during the last quarter. Perpetual Ltd lifted its holdings in Clarivate by 24.6% in the fourth quarter. Perpetual Ltd now owns 9,192,680 shares of the company’s stock valued at $46,699,000 after buying an additional 1,816,936 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Clarivate by 14.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 10,498,588 shares of the company’s stock worth $53,333,000 after acquiring an additional 1,323,329 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Clarivate by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,243,336 shares of the company’s stock worth $51,443,000 after acquiring an additional 571,289 shares during the period. 85.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 price target on shares of Clarivate in a research report on Thursday, February 20th.

Clarivate Stock Performance

Shares of NYSE:CLVT opened at $3.97 on Friday. The firm’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $5.42. Clarivate Plc has a fifty-two week low of $3.90 and a fifty-two week high of $7.77. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -4.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88.

Clarivate declared that its Board of Directors has authorized a share repurchase program on Monday, December 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 12.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.