Legal & General Group Plc Increases Stake in Clarivate Plc (NYSE:CLVT)

Legal & General Group Plc boosted its position in Clarivate Plc (NYSE:CLVT) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 353,419 shares of the company’s stock after acquiring an additional 15,201 shares during the quarter. Legal & General Group Plc’s holdings in Clarivate were worth $1,795,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CLVT. Clarkston Capital Partners LLC boosted its stake in Clarivate by 8.1% in the fourth quarter. Clarkston Capital Partners LLC now owns 70,733,831 shares of the company’s stock valued at $359,328,000 after acquiring an additional 5,319,535 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in 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 in the last quarter. Perpetual Ltd grew its holdings in Clarivate by 24.6% during the fourth quarter. Perpetual Ltd now owns 9,192,680 shares of the company’s stock worth $46,699,000 after acquiring an additional 1,816,936 shares during the period. Vanguard Group Inc. lifted its stake in shares of Clarivate by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 8,750,858 shares of the company’s stock valued at $44,454,000 after purchasing an additional 538,907 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of Clarivate by 33.6% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 6,492,760 shares of the company’s stock valued at $32,983,000 after acquiring an additional 1,632,930 shares during the period. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Clarivate Price Performance

Shares of NYSE CLVT opened at $3.62 on Friday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -3.77 and a beta of 1.48. Clarivate Plc has a 1-year low of $3.04 and a 1-year high of $7.30. The business has a 50-day moving average of $3.93 and a 200-day moving average of $4.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88.

Wall Street Analyst Weigh In

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