Kornitzer Capital Management Inc. KS Makes New $4.03 Million Investment in Relx Plc (NYSE:RELX)

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

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after purchasing an additional 441 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of Relx by 10.5% in the first quarter. Sage Mountain Advisors LLC now owns 5,848 shares of the technology company's stock worth $295,000 after purchasing an additional 556 shares during the last quarter. West Family Investments Inc. bought a new position in shares of Relx in the first quarter worth approximately $301,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Relx by 66.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 12,884 shares of the technology company's stock worth $649,000 after purchasing an additional 5,141 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Relx by 20.1% in the first quarter. Whittier Trust Co. now owns 43,091 shares of the technology company's stock worth $2,172,000 after purchasing an additional 7,211 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RELX. Morgan Stanley restated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. The Goldman Sachs Group started coverage on shares of Relx in a report on Wednesday, March 26th. They issued a "buy" rating on the stock. Finally, Wall Street Zen cut shares of Relx from a "buy" rating to a "hold" rating in a report on Saturday. One research 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.com, the stock currently has an average rating of "Buy".

Relx Stock Performance

NYSE:RELX opened at $53.14 on Wednesday. The stock has a market cap of $97.59 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.83. The firm's fifty day simple moving average is $53.71 and its 200 day simple moving average is $50.97. Relx Plc has a twelve month low of $43.45 and a twelve month high of $56.33. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

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.

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