Diversify Wealth Management LLC Acquires 5,094 Shares of Relx Plc (NYSE:RELX)

Diversify Wealth Management LLC raised its position in Relx Plc (NYSE:RELX - Free Report) by 11.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,917 shares of the technology company's stock after buying an additional 5,094 shares during the period. Diversify Wealth Management LLC's holdings in Relx were worth $2,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DRW Securities LLC lifted its holdings in Relx by 5.9% in the fourth quarter. DRW Securities LLC now owns 4,652 shares of the technology company's stock worth $211,000 after acquiring an additional 259 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Relx by 3.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company's stock worth $371,000 after purchasing an additional 267 shares in the last quarter. Ascent Group LLC grew its position in Relx by 2.0% in the fourth quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock worth $637,000 after buying an additional 277 shares during the last quarter. Portside Wealth Group LLC grew its position in Relx by 2.5% in the first quarter. Portside Wealth Group LLC now owns 11,710 shares of the technology company's stock worth $590,000 after buying an additional 283 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in Relx by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after buying an additional 294 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Price Performance

Shares of RELX stock traded down $0.74 during trading hours on Tuesday, reaching $53.14. 872,807 shares of the company were exchanged, compared to its average volume of 749,978. Relx Plc has a fifty-two week low of $43.45 and a fifty-two week high of $56.33. The stock's fifty day moving average is $53.74 and its two-hundred day moving average is $50.95. The company has a market cap of $97.59 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 3.23 and a beta of 0.83. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

Analyst Upgrades and Downgrades

RELX has been the topic of several research analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a "buy" rating for the company. Finally, Wall Street Zen lowered shares of Relx from a "buy" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently 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.