Advisory Services Network LLC Acquires 16,653 Shares of Clarivate Plc (NYSE:CLVT)

Advisory Services Network LLC grew its holdings in shares of Clarivate Plc (NYSE:CLVT) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,803 shares of the company’s stock after buying an additional 16,653 shares during the quarter. Advisory Services Network LLC’s holdings in Clarivate were worth $405,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company’s stock valued at $27,000 after purchasing an additional 3,245 shares during the last quarter. RPO LLC bought a new stake in shares of Clarivate during the 4th quarter worth approximately $55,000. Kathmere Capital Management LLC acquired a new stake in shares of Clarivate in the 4th quarter valued at approximately $58,000. Truist Financial Corp grew its stake 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 buying an additional 3,000 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Clarivate during the fourth quarter worth $72,000. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Clarivate Price Performance

NYSE:CLVT opened at $3.50 on Thursday. The firm’s fifty day moving average price is $4.13 and its two-hundred day moving average price is $5.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88. The company has a market cap of $2.41 billion, a P/E ratio of -3.65 and a beta of 1.48. Clarivate Plc has a one year low of $3.04 and a one year high of $7.31.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $6.00 price objective on shares of Clarivate in a research note 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.