Truffle Hound Capital LLC Invests $914,000 in Clarivate Plc (NYSE:CLVT)

Truffle Hound Capital LLC bought a new stake in shares of Clarivate Plc (NYSE:CLVT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 180,000 shares of the company’s stock, valued at approximately $914,000.

Other institutional investors have also bought and sold shares of the company. KBC Group NV boosted its holdings in Clarivate by 33.2% during the third quarter. KBC Group NV now owns 10,225 shares of the company’s stock worth $73,000 after buying an additional 2,549 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Clarivate during the 3rd quarter worth $101,000. Integrated Investment Consultants LLC boosted its stake in shares of Clarivate by 2.9% during the 3rd quarter. Integrated Investment Consultants LLC now owns 96,656 shares of the company’s stock worth $686,000 after acquiring an additional 2,696 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Clarivate by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,604,449 shares of the company’s stock worth $32,692,000 after acquiring an additional 38,355 shares during the last quarter. Finally, Cerity Partners LLC raised its position 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 purchasing an additional 91,384 shares during the period. Institutional investors and hedge funds own 85.72% of the company’s stock.

Clarivate Stock Down 4.1 %

NYSE:CLVT opened at $4.11 on Friday. The business’s fifty day moving average price is $4.79 and its 200 day moving average price is $5.51. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -4.28 and a beta of 1.28. 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 $3.96 and a 1-year high of $7.77.

Clarivate declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 12.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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