Edmond DE Rothschild Holding S.A. Has $32.98 Million Position in Clarivate Plc (NYSE:CLVT)

Edmond DE Rothschild Holding S.A. increased its holdings in shares of Clarivate Plc (NYSE:CLVT) by 33.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,492,760 shares of the company’s stock after purchasing an additional 1,632,930 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Clarivate were worth $32,983,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Clarivate in the fourth quarter valued at approximately $27,764,000. Raymond James Financial Inc. bought a new stake in Clarivate in the 4th quarter valued at $19,172,000. American Century Companies Inc. boosted its stake in Clarivate by 175.5% in the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company’s stock worth $25,711,000 after purchasing an additional 3,224,278 shares during the period. Perpetual Ltd increased its holdings in Clarivate by 24.6% during the 4th quarter. Perpetual Ltd now owns 9,192,680 shares of the company’s stock worth $46,699,000 after purchasing an additional 1,816,936 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Clarivate by 14.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 10,498,588 shares of the company’s stock valued at $53,333,000 after purchasing an additional 1,323,329 shares during the period. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price objective on shares of Clarivate in a report on Thursday, February 20th.

Clarivate Stock Down 3.1 %

Clarivate stock opened at $3.97 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. Clarivate Plc has a 1-year low of $3.90 and a 1-year high of $7.77. The company has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $5.41. The company has a market cap of $2.73 billion, a P/E ratio of -4.13 and a beta of 1.28.

Clarivate announced that its board has initiated a share repurchase plan on Monday, December 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 12.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Clarivate 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.