Ritholtz Wealth Management Decreases Stake in Relx Plc $RELX

Ritholtz Wealth Management cut its position in shares of Relx Plc (NYSE:RELX) by 17.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 124,974 shares of the technology company’s stock after selling 26,198 shares during the period. Ritholtz Wealth Management’s holdings in Relx were worth $4,143,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after acquiring an additional 4,264,474 shares during the last quarter. Morgan Stanley increased its position in Relx by 7.0% in the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock worth $253,825,000 after purchasing an additional 408,833 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Relx by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock worth $141,583,000 after purchasing an additional 56,363 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Relx by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock valued at $164,120,000 after purchasing an additional 46,515 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Relx by 3.5% during the third quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock valued at $116,093,000 after purchasing an additional 81,195 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of RELX opened at $30.92 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The business has a fifty day moving average of $33.89 and a 200 day moving average of $35.36. Relx Plc has a 52-week low of $27.57 and a 52-week high of $54.37.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. The Goldman Sachs Group started coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings cut Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Relx currently has a consensus rating of “Moderate Buy”.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.