West Family Investments Inc. Makes New $301,000 Investment in Relx Plc (NYSE:RELX)

West Family Investments Inc. bought a new position in Relx Plc (NYSE:RELX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,966 shares of the technology company's stock, valued at approximately $301,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its stake in Relx by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 14,147 shares of the technology company's stock valued at $713,000 after purchasing an additional 207 shares during the period. DRW Securities LLC raised its stake in Relx by 5.9% during the 4th quarter. DRW Securities LLC now owns 4,652 shares of the technology company's stock valued at $211,000 after purchasing an additional 259 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Relx by 3.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company's stock valued at $371,000 after purchasing an additional 267 shares during the period. Ascent Group LLC raised its stake in Relx by 2.0% during the 4th quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock valued at $637,000 after purchasing an additional 277 shares during the period. Finally, Portside Wealth Group LLC raised its stake in Relx by 2.5% during the 1st quarter. Portside Wealth Group LLC now owns 11,710 shares of the technology company's stock valued at $590,000 after purchasing an additional 283 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Down 1.2%

Relx stock traded down $0.62 during mid-day trading on Friday, hitting $52.86. 639,005 shares of the company's stock were exchanged, compared to its average volume of 754,860. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The stock has a market cap of $97.08 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.50 and a beta of 0.83. Relx Plc has a 1-year low of $43.45 and a 1-year high of $56.33. The stock has a 50 day moving average of $53.67 and a two-hundred day moving average of $51.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Relx from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a "buy" rating on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Relx Company 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.