QRG Capital Management Inc. Grows Stock Position in RELX PLC (NYSE:RELX)

QRG Capital Management Inc. raised its stake in shares of RELX PLC (NYSE:RELX - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 247,187 shares of the technology company's stock after buying an additional 15,248 shares during the quarter. QRG Capital Management Inc.'s holdings in RELX were worth $12,461,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in RELX by 368.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock worth $127,437,000 after buying an additional 2,208,119 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in RELX in the fourth quarter worth about $44,516,000. Northern Trust Corp increased its position in RELX by 51.6% in the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock worth $99,542,000 after buying an additional 745,532 shares in the last quarter. GAMMA Investing LLC increased its position in RELX by 6,125.5% in the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock worth $34,232,000 after buying an additional 668,165 shares in the last quarter. Finally, Bank of Montreal Can increased its position in RELX by 290.3% in the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company's stock worth $40,277,000 after buying an additional 659,547 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.

RELX Stock Down 0.3%

Shares of NYSE:RELX traded down $0.16 on Wednesday, reaching $52.34. The company had a trading volume of 701,973 shares, compared to its average volume of 730,009. RELX PLC has a 52-week low of $43.45 and a 52-week high of $56.33. The firm's 50 day simple moving average is $53.37 and its 200-day simple moving average is $50.05. The firm has a market capitalization of $98.27 billion, a PE ratio of 28.14, a PEG ratio of 3.19 and a beta of 0.84. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of RELX in a research note on Wednesday, April 16th. Barclays raised RELX from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Wall Street Zen lowered RELX from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group assumed coverage on RELX in a research note on Wednesday, March 26th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, RELX has an average rating of "Buy".

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.