QRG Capital Management Inc. Has $6.99 Million Stock Holdings in Relx Plc $RELX

QRG Capital Management Inc. reduced its stake in Relx Plc (NYSE:RELX) by 49.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 146,373 shares of the technology company’s stock after selling 142,036 shares during the quarter. QRG Capital Management Inc.’s holdings in Relx were worth $6,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in Relx by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock valued at $181,569,000 after buying an additional 303,002 shares in the last quarter. Captrust Financial Advisors grew its stake in Relx by 5.5% in the second quarter. Captrust Financial Advisors now owns 1,596,711 shares of the technology company’s stock valued at $86,765,000 after acquiring an additional 83,196 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Relx by 622.0% during 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 in the last quarter. Raymond James Financial Inc. raised its position in shares of Relx by 3.6% during the second quarter. Raymond James Financial Inc. now owns 1,011,756 shares of the technology company’s stock worth $54,979,000 after purchasing an additional 35,584 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Relx by 1.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 854,100 shares of the technology company’s stock worth $46,412,000 after purchasing an additional 8,913 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Finally, Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Relx Stock Performance

Relx stock opened at $41.62 on Friday. Relx Plc has a 52 week low of $39.31 and a 52 week high of $56.33. The company’s 50 day moving average price is $40.89 and its two-hundred day moving average price is $45.64. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

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.