Concurrent Investment Advisors LLC Invests $498,000 in Relx Plc (NYSE:RELX)

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

A number of other large investors also recently modified their holdings of RELX. Golden State Wealth Management LLC increased its holdings in Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares during the period. Transce3nd LLC bought a new position in shares of Relx in the fourth quarter worth $40,000. Brown Brothers Harriman & Co. raised its position in shares of Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock worth $44,000 after buying an additional 662 shares in the last quarter. Redwood Investments LLC bought a new stake in Relx during the fourth quarter valued at $120,000. Finally, Steward Partners Investment Advisory LLC grew its position in Relx by 50.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,751 shares of the technology company's stock worth $125,000 after buying an additional 919 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RELX. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Wall Street Zen lowered shares of Relx from a "buy" rating to a "hold" rating in a report on Saturday. Finally, The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday, March 26th. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Relx currently has a consensus rating of "Buy".

Relx Trading Down 1.1%

Shares of Relx stock traded down $0.58 during trading on Friday, reaching $53.61. The company's stock had a trading volume of 1,234,307 shares, compared to its average volume of 747,697. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a 52-week low of $43.45 and a 52-week high of $56.33. The firm's 50-day moving average is $53.77 and its two-hundred day moving average is $50.82. The company has a market cap of $100.67 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.26 and a beta of 0.83.

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.