Kornitzer Capital Management Inc. KS Purchases Shares of 80,000 Relx Plc (NYSE:RELX)

Kornitzer Capital Management Inc. KS bought a new stake in shares of Relx Plc (NYSE:RELX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,000 shares of the technology company's stock, valued at approximately $4,033,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bleakley Financial Group LLC raised its position in Relx by 1.5% in the 1st quarter. Bleakley Financial Group LLC now owns 14,147 shares of the technology company's stock valued at $713,000 after buying an additional 207 shares during the last quarter. DRW Securities LLC raised its position in Relx by 5.9% in the 4th quarter. DRW Securities LLC now owns 4,652 shares of the technology company's stock valued at $211,000 after buying an additional 259 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Relx by 3.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company's stock valued at $371,000 after buying an additional 267 shares during the last quarter. Ascent Group LLC raised its position in Relx by 2.0% in the 4th quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock valued at $637,000 after buying an additional 277 shares during the last quarter. Finally, Portside Wealth Group LLC increased its position in shares of Relx by 2.5% during the first quarter. Portside Wealth Group LLC now owns 11,710 shares of the technology company's stock valued at $590,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 15.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RELX. The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, March 26th. They issued a "buy" rating for the company. Wall Street Zen cut Relx from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Morgan Stanley reiterated 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Relx currently has a consensus rating of "Buy".

Relx Price Performance

Shares of RELX stock traded down $0.57 during trading hours on Friday, hitting $52.90. 814,913 shares of the company's stock were exchanged, compared to its average volume of 754,873. The company has a market capitalization of $97.16 billion, a PE ratio of 28.44, a PEG ratio of 3.49 and a beta of 0.83. Relx Plc has a 12-month low of $43.45 and a 12-month high of $56.33. The business's 50 day simple moving average is $53.65 and its 200-day simple moving average is $51.09. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46.

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.