Relx Plc $RELX Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in Relx Plc (NYSE:RELX) by 38.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 988,330 shares of the technology company’s stock after selling 628,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Relx were worth $32,763,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RELX. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Relx during the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its position in Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after buying an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after buying an additional 760 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after buying an additional 938 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after buying an additional 1,003 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

RELX has been the subject of several research reports. Barclays reissued an “overweight” rating on shares of Relx in a research note on Friday. Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group initiated coverage on shares of Relx in a research note on Wednesday, June 3rd. They set a “buy” rating for the company. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Weiss Ratings downgraded shares of Relx from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Relx has a consensus rating of “Moderate Buy”.

Relx Trading Up 5.8%

RELX opened at $37.73 on Wednesday. The stock has a fifty day moving average of $32.98 and a 200-day moving average of $34.10. Relx Plc has a 12-month low of $27.57 and a 12-month high of $52.23. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45.

Relx Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be given a dividend of $0.2785 per share. This represents a yield of 163.0%. The ex-dividend date of this dividend is Friday, August 7th.

About Relx

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.