18,921 Shares in Clarivate Plc (NYSE:CLVT) Acquired by Wexford Capital LP

Wexford Capital LP purchased a new position in Clarivate Plc (NYSE:CLVT) during the fourth quarter, Holdings Channel reports. The fund purchased 18,921 shares of the company’s stock, valued at approximately $96,000.

A number of other institutional investors have also recently made changes to their positions in the stock. RPO LLC bought a new position in Clarivate in the fourth quarter valued at $55,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Clarivate during the 4th quarter valued at about $56,000. Truist Financial Corp grew its position in Clarivate by 27.3% during the fourth quarter. Truist Financial Corp now owns 14,000 shares of the company’s stock valued at $71,000 after acquiring an additional 3,000 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Clarivate during the fourth quarter valued at approximately $72,000. Finally, Man Group plc bought a new position in Clarivate during the fourth quarter valued at approximately $82,000. Institutional investors own 85.72% of the company’s stock.

Clarivate Stock Performance

Shares of CLVT opened at $4.30 on Tuesday. The firm’s 50-day moving average price is $3.89 and its 200-day moving average price is $4.65. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -4.48 and a beta of 1.49. 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 $3.04 and a 1-year high of $7.15.

Clarivate (NYSE:CLVT) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Clarivate had a positive return on equity of 9.10% and a negative net margin of 24.90%. The company had revenue of $593.70 million for the quarter, compared to analyst estimates of $574.03 million. During the same period in the previous year, the company posted $0.14 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. Sell-side analysts anticipate that Clarivate Plc will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

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