Merit Financial Group LLC purchased a new stake in Relx Plc (NYSE:RELX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,618 shares of the technology company's stock, valued at approximately $301,000.
Several other hedge funds have also recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of Relx during the second quarter worth approximately $312,000. AQR Capital Management LLC acquired a new stake in Relx during the 2nd quarter valued at $433,000. Goodman Advisory Group LLC raised its position in Relx by 19,518.5% in the 2nd quarter. Goodman Advisory Group LLC now owns 44,534 shares of the technology company's stock valued at $2,043,000 after purchasing an additional 44,307 shares during the last quarter. Ascent Group LLC boosted its stake in Relx by 3.2% in the second quarter. Ascent Group LLC now owns 13,894 shares of the technology company's stock worth $637,000 after purchasing an additional 427 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Relx by 16.4% during the second quarter. Creative Planning now owns 128,930 shares of the technology company's stock worth $5,915,000 after purchasing an additional 18,199 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently issued reports on RELX. Redburn Atlantic started coverage on shares of Relx in a research report on Wednesday, January 8th. They set a "buy" rating on the stock. StockNews.com began coverage on shares of Relx in a research report on Wednesday, October 30th. They set a "hold" rating on the stock.
Check Out Our Latest Stock Analysis on Relx
Relx Stock Down 1.1 %
Relx stock traded down $0.55 during mid-day trading on Friday, hitting $48.85. The stock had a trading volume of 788,883 shares, compared to its average volume of 393,573. The stock has a 50-day simple moving average of $46.73 and a two-hundred day simple moving average of $46.69. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.48 and a quick ratio of 0.42. Relx Plc has a 12 month low of $40.25 and a 12 month high of $49.57.
Relx Profile
(
Free Report)
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.
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