Fox Run Management L.L.C. Acquires Shares of 14,187 Clarivate Plc (NYSE:CLVT)

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

Other institutional investors have also made changes to their positions in the company. Perpetual Ltd boosted its stake in Clarivate by 24.6% in 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 during the period. Cerity Partners LLC boosted its position in shares of Clarivate by 82.5% in the third quarter. Cerity Partners LLC now owns 202,204 shares of the company’s stock worth $1,436,000 after buying an additional 91,384 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Clarivate by 112.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,040,426 shares of the company’s stock valued at $7,387,000 after buying an additional 551,838 shares in the last quarter. Verition Fund Management LLC raised its position in Clarivate by 707.5% during the third quarter. Verition Fund Management LLC now owns 157,540 shares of the company’s stock valued at $1,119,000 after buying an additional 138,031 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Clarivate by 161.4% in the 4th 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. 85.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Clarivate Price Performance

Shares of NYSE:CLVT opened at $3.97 on Friday. The business has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $5.42. 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 firm has a market cap of $2.73 billion, a price-to-earnings ratio of -4.13 and a beta of 1.28.

Clarivate announced that its Board of Directors has approved a stock buyback plan on Monday, December 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 12.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board 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.