Merit Financial Group LLC Has $593,000 Stock Holdings in Relx Plc (NYSE:RELX)

Merit Financial Group LLC increased its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 77.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,757 shares of the technology company's stock after buying an additional 5,139 shares during the period. Merit Financial Group LLC's holdings in Relx were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RELX. Rhumbline Advisers increased its stake in Relx by 1.2% in the first quarter. Rhumbline Advisers now owns 34,906 shares of the technology company's stock valued at $1,760,000 after purchasing an additional 411 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Relx by 37.3% during the first quarter. Parallel Advisors LLC now owns 8,093 shares of the technology company's stock worth $408,000 after purchasing an additional 2,197 shares during the last quarter. Summit Global Investments acquired a new position in Relx during the first quarter worth $1,130,000. GAMMA Investing LLC boosted its holdings in Relx by 6,125.5% during the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock worth $34,232,000 after purchasing an additional 668,165 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Relx by 1,382.8% in the first quarter. Versant Capital Management Inc now owns 10,172 shares of the technology company's stock valued at $513,000 after acquiring an additional 9,486 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Relx Price Performance

Shares of RELX traded down $0.53 during mid-day trading on Friday, reaching $52.73. The company had a trading volume of 532,504 shares, compared to its average volume of 727,510. The company's 50 day simple moving average is $52.99 and its 200 day simple moving average is $49.91. 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 quick ratio of 0.47 and a current ratio of 0.52. The company has a market capitalization of $97.34 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.73 and a beta of 0.84.

Analysts Set New Price Targets

A number of analysts have commented on RELX shares. Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Wall Street Zen lowered shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group assumed coverage on shares of Relx in a report on Wednesday, March 26th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Relx currently 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.