Keybank National Association OH bought a new stake in Relx Plc (NYSE:RELX – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,520 shares of the technology company’s stock, valued at approximately $713,000.
A number of other large investors also recently made changes to their positions in RELX. Bridgewater Advisors Inc. lifted its holdings in Relx by 2.5% during the 4th quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock worth $447,000 after purchasing an additional 267 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Relx by 7.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock valued at $218,000 after buying an additional 275 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in Relx by 5.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,511 shares of the technology company’s stock worth $223,000 after buying an additional 281 shares during the period. Horizon Investments LLC lifted its holdings in shares of Relx by 23.0% during the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock worth $72,000 after buying an additional 284 shares in the last quarter. Finally, Natural Investments LLC lifted its holdings in shares of Relx by 2.4% during the fourth quarter. Natural Investments LLC now owns 12,316 shares of the technology company’s stock worth $497,000 after buying an additional 288 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Morgan Stanley lowered shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Weiss Ratings raised shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. 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 assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Relx presently has a consensus rating of “Moderate Buy”.
Relx Stock Up 1.7%
Shares of RELX opened at $32.82 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. Relx Plc has a 52 week low of $27.57 and a 52 week high of $54.30. The stock has a fifty day moving average of $33.16 and a 200-day moving average of $34.88.
Relx Company 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.
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