Oxford Asset Management LLP Acquires New Stake in Clarivate Plc (NYSE:CLVT)

Oxford Asset Management LLP bought a new position in shares of Clarivate Plc (NYSE:CLVT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,703 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Clarivate during the third quarter worth about $236,000. SkyView Investment Advisors LLC raised its holdings in Clarivate by 3.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 161,798 shares of the company’s stock worth $1,149,000 after purchasing an additional 5,945 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 3,245 shares during the period. Kathmere Capital Management LLC bought a new stake in shares of Clarivate in the 4th quarter valued at $58,000. Finally, Perpetual Ltd boosted its stake in shares of Clarivate by 24.6% in the 4th quarter. Perpetual Ltd now owns 9,192,680 shares of the company’s stock valued at $46,699,000 after purchasing an additional 1,816,936 shares during the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.

Clarivate Price Performance

Clarivate stock opened at $3.62 on Monday. The stock’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $4.92. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -3.77 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.87. Clarivate Plc has a 52-week low of $3.04 and a 52-week high of $7.30.

Analysts Set New Price Targets

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

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.