Summerhill Capital Management lnc. Makes New Investment in Relx Plc $RELX

Summerhill Capital Management lnc. purchased a new position in shares of Relx Plc (NYSE:RELX) in the first quarter, Holdings Channel.com reports. The firm purchased 56,707 shares of the technology company’s stock, valued at approximately $1,880,000. Relx accounts for approximately 1.6% of Summerhill Capital Management lnc.’s holdings, making the stock its 18th largest holding.

Several other institutional investors have also made changes to their positions in RELX. Huntington National Bank increased its holdings in Relx by 5.1% in the third quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock worth $246,000 after buying an additional 250 shares during the last quarter. Bridgewater Advisors Inc. lifted its stake in Relx by 2.5% in the fourth quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock valued at $447,000 after acquiring an additional 267 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Relx by 7.4% in the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock worth $218,000 after acquiring an additional 275 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in Relx by 5.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,511 shares of the technology company’s stock worth $223,000 after acquiring an additional 281 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in shares of Relx by 23.0% during the 3rd quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock worth $72,000 after purchasing an additional 284 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of RELX stock opened at $31.38 on Friday. Relx Plc has a 12 month low of $27.57 and a 12 month high of $54.37. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. The business’s 50 day moving average is $33.81 and its two-hundred day moving average is $35.33.

Wall Street Analyst Weigh In

RELX has been the topic of a number of recent research reports. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. The Goldman Sachs Group began coverage on Relx in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley downgraded Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently 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.