Millennium Management LLC Sells 201,551 Shares of Relx Plc (NYSE:RELX)

Millennium Management LLC lowered its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 38.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 324,195 shares of the technology company's stock after selling 201,551 shares during the period. Millennium Management LLC's holdings in Relx were worth $14,874,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Relx by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company's stock valued at $132,842,000 after buying an additional 399,101 shares during the period. Seven Eight Capital LP bought a new stake in shares of Relx during the fourth quarter valued at approximately $620,000. Ethic Inc. raised its position in shares of Relx by 11.2% during the fourth quarter. Ethic Inc. now owns 186,413 shares of the technology company's stock worth $7,393,000 after purchasing an additional 18,824 shares during the period. Clear Street Markets LLC lifted its holdings in shares of Relx by 149.9% in the 4th quarter. Clear Street Markets LLC now owns 24,085 shares of the technology company's stock worth $955,000 after purchasing an additional 14,446 shares in the last quarter. Finally, Syon Capital LLC grew its position in Relx by 58.9% in the 4th quarter. Syon Capital LLC now owns 10,223 shares of the technology company's stock valued at $405,000 after purchasing an additional 3,790 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of NYSE RELX traded down $0.23 during trading on Monday, hitting $46.06. The stock had a trading volume of 1,789,131 shares, compared to its average volume of 883,773. The firm has a fifty day moving average of $46.63 and a two-hundred day moving average of $44.89. Relx Plc has a 12 month low of $33.94 and a 12 month high of $48.91.

Relx Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 2nd were given a $0.234 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, August 2nd.

Analysts Set New Price Targets

Several research firms have recently commented on RELX. Citigroup raised shares of Relx to a "strong-buy" rating in a research report on Tuesday, September 17th. StockNews.com downgraded Relx from a "buy" rating to a "hold" rating in a research note on Saturday, August 31st.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.