Clearbridge Investments LLC increased its holdings in shares of Relx Plc (NYSE:RELX – Free Report) by 11.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,684,028 shares of the technology company’s stock after purchasing an additional 179,677 shares during the period. Clearbridge Investments LLC’s holdings in Relx were worth $68,068,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Relx during the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Relx by 104.2% during the 3rd quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock valued at $42,000 after purchasing an additional 443 shares in the last quarter. C WorldWide Group Holding A S bought a new position in shares of Relx during the 4th quarter valued at about $48,000. Finally, Stance Capital LLC bought a new position in shares of Relx during the 3rd quarter valued at about $69,000. Institutional investors own 15.02% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Relx in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Zacks Research lowered Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Relx in a research report on Friday, May 8th. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Relx Trading Down 1.8%
Shares of Relx stock opened at $34.53 on Tuesday. The business’s 50 day simple moving average is $34.19 and its 200 day simple moving average is $36.07. Relx Plc has a 52-week low of $27.57 and a 52-week high of $54.37. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44.
About Relx
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.
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