Concurrent Investment Advisors LLC Acquires Shares of 9,877 Relx Plc (NYSE:RELX)

Concurrent Investment Advisors LLC purchased a new stake in shares of Relx Plc (NYSE:RELX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,877 shares of the technology company's stock, valued at approximately $498,000.

Several other institutional investors have also modified their holdings of RELX. Cambridge Investment Research Advisors Inc. increased its holdings in Relx by 19.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,957 shares of the technology company's stock worth $956,000 after purchasing an additional 3,092 shares during the period. Merit Financial Group LLC increased its holdings in Relx by 77.7% during the 1st quarter. Merit Financial Group LLC now owns 11,757 shares of the technology company's stock worth $593,000 after purchasing an additional 5,139 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Relx by 21.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 162,830 shares of the technology company's stock worth $7,396,000 after purchasing an additional 28,702 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Relx by 19.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 143,483 shares of the technology company's stock worth $6,517,000 after purchasing an additional 23,183 shares during the period. Finally, Money Concepts Capital Corp increased its holdings in Relx by 237.4% during the 1st quarter. Money Concepts Capital Corp now owns 15,604 shares of the technology company's stock worth $787,000 after purchasing an additional 10,979 shares during the period. 15.02% of the stock is owned by institutional investors.

Relx Stock Up 0.5%

NYSE RELX traded up $0.28 during midday trading on Monday, hitting $53.90. 1,091,294 shares of the company traded hands, compared to its average volume of 757,226. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $98.99 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.23 and a beta of 0.83. The company's 50-day simple moving average is $53.77 and its 200-day simple moving average is $50.89. Relx Plc has a 52 week low of $43.45 and a 52 week high of $56.33.

Analyst Ratings Changes

RELX has been the topic of several research reports. Wall Street Zen downgraded Relx from a "buy" rating to a "hold" rating in a report on Saturday. The Goldman Sachs Group assumed coverage on Relx in a report on Wednesday, March 26th. They set a "buy" rating on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. One investment 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 a consensus rating of "Buy".

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.