Wexford Capital LP Buys Shares of 18,921 Clarivate Plc (NYSE:CLVT)

Wexford Capital LP acquired a new stake in Clarivate Plc (NYSE:CLVT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,921 shares of the company’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Clarivate by 53.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,776,892 shares of the company’s stock valued at $141,107,000 after purchasing an additional 9,691,104 shares during the period. Norges Bank bought a new stake in shares of Clarivate in the fourth quarter valued at approximately $27,764,000. Clarkston Capital Partners LLC raised its holdings in Clarivate by 8.1% during the 4th 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 during the period. Raymond James Financial Inc. bought a new stake in Clarivate during the 4th quarter valued at $19,172,000. Finally, Atairos Partners GP Inc. bought a new stake in Clarivate during the 4th quarter valued at $17,602,000. 85.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Clarivate Stock Performance

Shares of CLVT opened at $4.30 on Tuesday. The business’s 50-day moving average price is $3.89 and its 200-day moving average price is $4.65. Clarivate Plc has a twelve month low of $3.04 and a twelve month high of $7.15. The stock has a market cap of $2.94 billion, a PE ratio of -4.48 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 0.88.

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

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.