OneDigital Investment Advisors LLC Has $1.42 Million Stock Position in Clarivate Plc (NYSE:CLVT)

OneDigital Investment Advisors LLC boosted its holdings in shares of Clarivate Plc (NYSE:CLVT) by 121.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,411 shares of the company’s stock after acquiring an additional 153,638 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Clarivate were worth $1,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CLVT. Tower Research Capital LLC TRC increased its stake in shares of Clarivate by 34.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company’s stock worth $142,000 after acquiring an additional 7,247 shares during the last quarter. Forum Financial Management LP increased its position in Clarivate by 90.9% in the 4th quarter. Forum Financial Management LP now owns 25,065 shares of the company’s stock worth $127,000 after purchasing an additional 11,936 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Clarivate by 63.5% during the 4th quarter. XTX Topco Ltd now owns 87,741 shares of the company’s stock worth $446,000 after purchasing an additional 34,067 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Clarivate by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 24,467 shares of the company’s stock valued at $124,000 after buying an additional 8,906 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Clarivate in the 4th quarter valued at approximately $19,172,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Clarivate Stock Performance

CLVT opened at $3.50 on Friday. The stock has a 50-day moving average of $3.95 and a 200-day moving average of $4.96. 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. The company has a market cap of $2.41 billion, a PE ratio of -3.65 and a beta of 1.48.

Analysts Set New Price Targets

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

Clarivate 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.