10 Best Stocks to Buy According to Seth Klarman

8. Clarivate Plc (NYSE:CLVT)

Baupost Group’s Equity Stake: $184.29 Million

Number of Hedge Fund Holders: 20

Clarivate Plc (NYSE:CLVT) is a technology company that operates as an information services provider. It offers scientific and academic research that connects data, solutions, and expertise so research institutions can thrive. Its stock has been under pressure, losing 39% in market value last year, a situation exacerbated by a 15% year-to-date slump.

The underperformance comes on Clarivate facing headwinds in recent quarters, with the company reporting a 3.9% year-over-year revenue decline and a 2.6% contraction in organic revenue. This performance has led to a reevaluation of the company’s market position and growth prospects.

Consequently, Clarivate Plc (NYSE:CLVT) has implemented a Value Creation Plan under the new leadership to streamline its portfolio of solutions and improve its business model. A crucial element of this strategy entails halting and launching a number of products in order to switch from transactional to subscription income models.

Additionally, Clarivate Plc (NYSE:CLVT) has set sights on Latin America, pursuing collaboration across key stakeholders, including regulators, manufacturers, and researchers. The company’s ultimate goal is to unlock new opportunities in the healthcare sector through strategic partnerships and data-driven insights.