Relx (NYSE:RELX) Reaches New 1-Year Low – Here’s What Happened

Relx Plc (NYSE:RELX) shares hit a new 52-week low on Wednesday . The company traded as low as $41.57 and last traded at $41.3280, with a volume of 482013 shares trading hands. The stock had previously closed at $42.48.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Saturday. Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Relx in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Relx Trading Down 2.6%

The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The business has a 50-day moving average price of $45.80 and a 200 day moving average price of $49.99.

Hedge Funds Weigh In On Relx

Several large investors have recently modified their holdings of RELX. Orion Porfolio Solutions LLC raised its holdings in Relx by 622.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock worth $73,369,000 after acquiring an additional 1,163,189 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Relx during the third quarter valued at $20,570,000. ABC Arbitrage SA boosted its position in shares of Relx by 188.9% during the second quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company’s stock valued at $30,482,000 after buying an additional 366,761 shares during the last quarter. Carnegie Investment Counsel bought a new stake in Relx in the 1st quarter worth about $16,026,000. Finally, Ameriprise Financial Inc. increased its holdings in Relx by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock worth $181,569,000 after buying an additional 303,002 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.