Dark Forest Capital Management LP Purchases Shares of 43,066 Clarivate Plc (NYSE:CLVT)

Dark Forest Capital Management LP acquired a new position in shares of Clarivate Plc (NYSE:CLVT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,066 shares of the company’s stock, valued at approximately $219,000.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company’s stock worth $27,000 after acquiring an additional 3,245 shares in the last quarter. RPO LLC acquired a new position in shares of Clarivate during the 4th quarter worth about $55,000. Kathmere Capital Management LLC bought a new stake in shares of Clarivate in the 4th quarter valued at about $58,000. Truist Financial Corp lifted its stake in Clarivate by 27.3% in the 4th quarter. Truist Financial Corp now owns 14,000 shares of the company’s stock valued at $71,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Clarivate during the fourth quarter worth about $72,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Clarivate Stock Performance

Shares of CLVT stock opened at $4.20 on Wednesday. Clarivate Plc has a 52 week low of $3.04 and a 52 week high of $7.30. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -4.37 and a beta of 1.48. The company has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $4.89. 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 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.