Skba Capital Management LLC Grows Stock Position in Clarivate Plc (NYSE:CLVT)

Skba Capital Management LLC grew its holdings in Clarivate Plc (NYSE:CLVT) by 343.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,680 shares of the company’s stock after acquiring an additional 44,680 shares during the quarter. Skba Capital Management LLC’s holdings in Clarivate were worth $293,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Perpetual Ltd boosted its stake in Clarivate by 24.6% in the 4th quarter. Perpetual Ltd now owns 9,192,680 shares of the company’s stock worth $46,699,000 after purchasing an additional 1,816,936 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Clarivate by 82.5% during the third quarter. Cerity Partners LLC now owns 202,204 shares of the company’s stock worth $1,436,000 after buying an additional 91,384 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Clarivate by 112.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,040,426 shares of the company’s stock valued at $7,387,000 after buying an additional 551,838 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Clarivate by 707.5% in the 3rd quarter. Verition Fund Management LLC now owns 157,540 shares of the company’s stock valued at $1,119,000 after acquiring an additional 138,031 shares during the period. Finally, GAMMA Investing LLC raised its stake in 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 acquiring an additional 3,245 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Analyst Ratings Changes

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

Clarivate Stock Down 3.1 %

CLVT stock opened at $3.97 on Monday. The company has a market capitalization of $2.73 billion, a P/E ratio of -4.13 and a beta of 1.28. Clarivate Plc has a 12 month low of $3.90 and a 12 month high of $7.77. The firm’s fifty day simple moving average is $4.68 and its 200-day simple moving average is $5.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88.

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

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.