Relx Plc (NYSE:RELX) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in Relx Plc (NYSE:RELX - Free Report) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,187 shares of the technology company's stock after acquiring an additional 15,248 shares during the period. QRG Capital Management Inc.'s holdings in Relx were worth $12,461,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in shares of Relx during the fourth quarter valued at about $40,000. Sierra Ocean LLC purchased a new position in shares of Relx during the 4th quarter worth approximately $43,000. Brown Brothers Harriman & Co. increased its holdings in Relx by 218.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after purchasing an additional 662 shares during the last quarter. Private Trust Co. NA increased its holdings in Relx by 19.2% in the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock valued at $56,000 after purchasing an additional 199 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Relx in the fourth quarter valued at approximately $74,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Stock Down 0.4%

Shares of NYSE RELX traded down $0.20 during mid-day trading on Friday, hitting $52.12. The company had a trading volume of 734,712 shares, compared to its average volume of 730,029. The company has a market capitalization of $97.86 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.84. The business's 50-day simple moving average is $53.52 and its 200 day simple moving average is $50.11. Relx Plc has a 1-year low of $43.45 and a 1-year high of $56.33. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RELX. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Wall Street Zen cut Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. The Goldman Sachs Group began coverage on shares of Relx in a research note on Wednesday, March 26th. They set a "buy" rating on the stock. Finally, Barclays raised shares of Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

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.