Blue Zone Wealth Advisors LLC Buys 12,303 Shares of Relx Plc (NYSE:RELX)

Blue Zone Wealth Advisors LLC increased its stake in shares of Relx Plc (NYSE:RELX) by 11.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 123,841 shares of the technology company’s stock after purchasing an additional 12,303 shares during the quarter. Relx accounts for 1.7% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 23rd biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Relx were worth $6,243,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Transce3nd LLC purchased a new position in Relx during the 4th quarter valued at $40,000. Sierra Ocean LLC purchased a new position in Relx during the 4th quarter valued at $43,000. Brown Brothers Harriman & Co. boosted its holdings in Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after acquiring an additional 662 shares during the period. Private Trust Co. NA boosted its holdings in Relx by 19.2% during the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock valued at $56,000 after acquiring an additional 199 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Relx during the 4th quarter valued at $74,000. Institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RELX. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Wednesday, April 16th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, March 26th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Relx presently has an average rating of “Buy”.

Relx Price Performance

Shares of RELX stock opened at $53.75 on Friday. Relx Plc has a twelve month low of $43.45 and a twelve month high of $56.33. The stock has a market capitalization of $99.22 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.73 and a beta of 0.86. The stock has a fifty day simple moving average of $52.66 and a two-hundred day simple moving average of $49.72. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46.

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.