Squarepoint Ops LLC Raises Stake in Relx Plc $RELX

Squarepoint Ops LLC boosted its stake in Relx Plc (NYSE:RELX) by 492.5% in the 2nd quarter, Holdings Channel reports. The firm owned 31,609 shares of the technology company’s stock after acquiring an additional 26,274 shares during the quarter. Squarepoint Ops LLC’s holdings in Relx were worth $1,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of Relx by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock valued at $205,287,000 after acquiring an additional 173,976 shares during the period. Ameriprise Financial Inc. lifted its stake 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 purchasing an additional 303,002 shares in the last quarter. Northern Trust Corp boosted its holdings in Relx by 9.2% in the 1st quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock valued at $120,686,000 after purchasing an additional 202,509 shares during the period. Captrust Financial Advisors grew its position in shares of Relx by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,596,711 shares of the technology company’s stock valued at $86,765,000 after purchasing an additional 83,196 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of Relx by 622.0% in the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock worth $73,369,000 after purchasing an additional 1,163,189 shares during the period. 15.02% of the stock is currently owned by institutional investors.

Relx Trading Up 0.2%

Shares of RELX opened at $40.75 on Friday. The stock has a 50 day simple moving average of $42.34 and a two-hundred day simple moving average of $47.33. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx Plc has a 1 year low of $39.31 and a 1 year high of $56.33.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday. Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Relx has a consensus rating of “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.