Quantinno Capital Management LP Has $11.88 Million Stock Position in Relx Plc $RELX

Quantinno Capital Management LP lifted its stake in shares of Relx Plc (NYSE:RELX) by 18.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,225 shares of the technology company’s stock after purchasing an additional 56,912 shares during the period. Quantinno Capital Management LP’s holdings in Relx were worth $11,875,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Capital International Investors grew its stake in shares of Relx by 66.7% in the fourth quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after buying an additional 4,264,474 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Relx by 185.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after acquiring an additional 2,763,766 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Relx by 622.0% in the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after acquiring an additional 1,163,189 shares during the last quarter. Millennium Management LLC grew its position in shares of Relx by 251.6% in the 4th quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock valued at $48,795,000 after acquiring an additional 863,856 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in shares of Relx in the 3rd quarter valued at about $39,737,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RELX shares. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Weiss Ratings lowered Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Relx Stock Up 2.1%

RELX opened at $36.17 on Tuesday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The business has a fifty day simple moving average of $33.25 and a 200 day simple moving average of $33.93. Relx Plc has a 1 year low of $27.57 and a 1 year high of $51.99.

Relx Cuts Dividend

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

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.