Carnegie Investment Counsel acquired a new stake in Relx Plc (NYSE:RELX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 317,914 shares of the technology company's stock, valued at approximately $16,026,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after acquiring an additional 441 shares during the period. Golden State Wealth Management LLC increased its stake in Relx by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after purchasing an additional 294 shares during the period. Cornerstone Planning Group LLC increased its stake in Relx by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock worth $37,000 after purchasing an additional 530 shares during the period. Transce3nd LLC acquired a new position in shares of Relx during the fourth quarter worth about $40,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after purchasing an additional 662 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RELX has been the subject of several research analyst reports. Wall Street Zen raised Relx from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley reissued an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Relx presently has a consensus rating of "Buy".
View Our Latest Analysis on RELX
Relx Stock Performance
Shares of Relx stock traded down $1.00 during trading hours on Friday, hitting $52.71. 1,212,504 shares of the company were exchanged, compared to its average volume of 934,428. Relx Plc has a 1 year low of $43.45 and a 1 year high of $56.33. 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 business has a 50-day moving average of $53.64 and a 200-day moving average of $51.38. The stock has a market capitalization of $96.81 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 3.44 and a beta of 0.83.
About Relx
(
Free Report)
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.
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