Oppenheimer & Co. Inc. Makes New Investment in Clarivate Plc (NYSE:CLVT)

Oppenheimer & Co. Inc. purchased a new position in shares of Clarivate Plc (NYSE:CLVT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,500 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also recently bought and sold shares of CLVT. Creative Planning acquired a new position in Clarivate during the 3rd quarter worth approximately $142,000. KBC Group NV boosted its holdings in shares of Clarivate by 33.2% in the 3rd quarter. KBC Group NV now owns 10,225 shares of the company’s stock valued at $73,000 after buying an additional 2,549 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Clarivate by 2.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 126,773 shares of the company’s stock valued at $900,000 after buying an additional 2,865 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Clarivate in the 3rd quarter valued at approximately $101,000. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of Clarivate by 2.9% in the 3rd quarter. Integrated Investment Consultants LLC now owns 96,656 shares of the company’s stock valued at $686,000 after buying an additional 2,696 shares during the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.

Clarivate Stock Up 3.7 %

CLVT opened at $4.36 on Monday. Clarivate Plc has a 1-year low of $4.00 and a 1-year high of $7.77. The stock’s fifty day simple moving average is $4.97 and its 200 day simple moving average is $5.67. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.01 billion, a PE ratio of -4.54 and a beta of 1.28.

Clarivate declared that its board has authorized a stock repurchase program on Monday, December 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 12.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 price objective 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.