Relx Plc $RELX Shares Bought by SCS Capital Management LLC

SCS Capital Management LLC grew its position in shares of Relx Plc (NYSE:RELX) by 341.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 238,768 shares of the technology company’s stock after acquiring an additional 184,643 shares during the quarter. SCS Capital Management LLC’s holdings in Relx were worth $12,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. WPG Advisers LLC acquired a new stake in Relx in the 1st quarter valued at $28,000. NewSquare Capital LLC lifted its stake in shares of Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock worth $31,000 after purchasing an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after buying an additional 303 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Relx in the second quarter valued at about $37,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Relx during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on RELX shares. Wall Street Zen cut 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 research note on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Barclays reiterated an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Finally, Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Relx has an average rating of “Buy”.

Relx Stock Performance

RELX stock opened at $40.51 on Friday. Relx Plc has a 1-year low of $39.31 and a 1-year high of $56.33. The firm has a fifty day moving average price of $43.65 and a two-hundred day moving average price of $48.44. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

Relx 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.