Capital International Investors Buys 4,264,474 Shares of Relx Plc $RELX

Capital International Investors boosted its stake in Relx Plc (NYSE:RELX) by 66.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,662,595 shares of the technology company’s stock after acquiring an additional 4,264,474 shares during the quarter. Capital International Investors’ holdings in Relx were worth $433,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Huntington National Bank lifted its stake in Relx by 5.1% in the 3rd quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock valued at $246,000 after purchasing an additional 250 shares during the last quarter. Bridgewater Advisors Inc. lifted its stake in Relx by 2.5% in the 4th quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock valued at $447,000 after purchasing an additional 267 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Relx by 7.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock valued at $218,000 after purchasing an additional 275 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Relx by 5.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,511 shares of the technology company’s stock valued at $223,000 after purchasing an additional 281 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in Relx by 23.0% in the 3rd quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock valued at $72,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RELX shares. The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday. They issued a “buy” rating for the company. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Relx in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Relx has a consensus rating of “Moderate Buy”.

Relx Stock Performance

RELX stock opened at $35.17 on Monday. The company has a fifty day moving average price of $34.14 and a 200-day moving average price of $36.12. Relx Plc has a 52-week low of $27.57 and a 52-week high of $54.37. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.