Entropy Technologies LP Acquires 66,144 Shares of Relx Plc $RELX

Entropy Technologies LP grew its holdings in Relx Plc (NYSE:RELX) by 957.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 73,051 shares of the technology company’s stock after buying an additional 66,144 shares during the quarter. Entropy Technologies LP’s holdings in Relx were worth $2,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx in the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its position in shares of Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares during the period. Transamerica Financial Advisors LLC raised its position in shares of Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after purchasing an additional 760 shares during the period. Bessemer Group Inc. increased its holdings in Relx by 104.2% during the 3rd quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock worth $42,000 after acquiring an additional 443 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

RELX has been the topic of several recent analyst reports. Zacks Research cut shares of Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Citigroup upgraded shares of 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 issued a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Relx in a research note on Friday, May 8th. One equities research 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Relx Price Performance

NYSE RELX opened at $33.71 on Monday. Relx Plc has a 1 year low of $27.57 and a 1 year high of $54.37. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. The company’s 50 day simple moving average is $34.28 and its two-hundred day simple moving average is $35.90.

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.