Northwestern Mutual Wealth Management Co. Increases Stake in Relx Plc $RELX

Northwestern Mutual Wealth Management Co. grew its position in Relx Plc (NYSE:RELX) by 683.2% during the 4th quarter, HoldingsChannel reports. The fund owned 76,766 shares of the technology company’s stock after purchasing an additional 66,965 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Relx were worth $3,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake 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 acquiring an additional 695 shares during the period. Bessemer Group Inc. raised its stake in shares of Relx by 104.2% in the third quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock valued at $42,000 after acquiring an additional 443 shares during the period. C WorldWide Group Holding A S purchased a new stake in shares of Relx in the fourth quarter valued at $48,000. Stance Capital LLC purchased a new stake in shares of Relx in the third quarter valued at $69,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Relx in the third quarter valued at $72,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Down 0.0%

NYSE RELX opened at $33.01 on Tuesday. The company’s 50-day moving average price is $34.15 and its 200-day moving average price is $36.66. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. Relx Plc has a 12 month low of $27.57 and a 12 month high of $56.33.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RELX. Zacks Research downgraded shares of Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Relx in a report on Friday, May 8th. Finally, Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Relx presently has an average rating of “Moderate Buy”.

Relx 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.