Ativo Capital Management LLC Has $2.06 Million Stock Holdings in Relx Plc (NYSE:RELX)

Ativo Capital Management LLC lessened its stake in Relx Plc (NYSE:RELX) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,341 shares of the technology company’s stock after selling 1,000 shares during the period. Relx makes up approximately 2.0% of Ativo Capital Management LLC’s holdings, making the stock its 9th largest position. Ativo Capital Management LLC’s holdings in Relx were worth $2,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC grew its position in shares of Relx by 0.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 24,164 shares of the technology company’s stock valued at $1,147,000 after acquiring an additional 214 shares during the period. Ballentine Partners LLC grew its position in shares of Relx by 1.4% during the 3rd quarter. Ballentine Partners LLC now owns 17,306 shares of the technology company’s stock valued at $821,000 after acquiring an additional 240 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Relx by 5.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,270 shares of the technology company’s stock valued at $250,000 after acquiring an additional 266 shares during the period. Peapack Gladstone Financial Corp grew its position in shares of Relx by 5.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after acquiring an additional 267 shares during the period. Finally, EWA LLC grew its position in shares of Relx by 5.2% during the 3rd quarter. EWA LLC now owns 5,501 shares of the technology company’s stock valued at $253,000 after acquiring an additional 272 shares during the period. Institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RELX shares. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday.

Relx Trading Down 2.2 %

Shares of Relx stock opened at $49.29 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The company has a fifty day moving average of $48.09 and a 200 day moving average of $47.27. Relx Plc has a fifty-two week low of $40.25 and a fifty-two week high of $51.99.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. This is an increase from Relx’s previous semi-annual dividend of $0.23.

Relx Profile

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.