Edge Capital Group LLC Sells 1,706 Shares of Relx Plc (NYSE:RELX)

Edge Capital Group LLC cut its holdings in Relx Plc (NYSE:RELX) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,474 shares of the technology company’s stock after selling 1,706 shares during the period. Edge Capital Group LLC’s holdings in Relx were worth $10,968,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RELX. CENTRAL TRUST Co raised its holdings in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after buying an additional 529 shares during the last quarter. Versant Capital Management Inc purchased a new position in Relx during the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new position in Relx during the fourth quarter valued at $43,000. Private Trust Co. NA lifted its holdings in Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after purchasing an additional 566 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Relx during the third quarter valued at $125,000. 15.02% of the stock is currently owned by institutional investors.

Relx Trading Down 2.2 %

NYSE RELX opened at $49.29 on Monday. The stock has a market capitalization of $91.60 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The firm has a 50 day moving average of $48.13 and a two-hundred day moving average of $47.35.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a $0.5586 dividend. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RELX shares. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday. Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock.

About Relx

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.