Merit Financial Group LLC Acquires 5,139 Shares of Relx Plc (NYSE:RELX)

Merit Financial Group LLC raised its position in Relx Plc (NYSE:RELX - Free Report) by 77.7% in the 1st quarter, according to the company in its most recent 13F filing with the 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 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Transce3nd LLC bought a new position in Relx during the fourth quarter valued at about $40,000. Sierra Ocean LLC bought a new stake in Relx in the fourth quarter worth about $43,000. Brown Brothers Harriman & Co. boosted its stake in Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after acquiring an additional 662 shares during the last quarter. Private Trust Co. NA grew its position in shares of Relx by 19.2% during the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock valued at $56,000 after acquiring an additional 199 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Relx during the 4th quarter worth approximately $74,000. Institutional investors own 15.02% of the company's stock.

Relx Stock Performance

Shares of Relx stock traded down $0.03 during trading hours on Tuesday, reaching $53.00. The company had a trading volume of 752,164 shares, compared to its average volume of 739,225. The firm has a market cap of $97.83 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Relx Plc has a one year low of $43.45 and a one 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. The business has a fifty day simple moving average of $52.71 and a 200 day simple moving average of $49.82.

Wall Street Analyst Weigh In

Several research firms recently commented on RELX. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. The Goldman Sachs Group initiated coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating on the stock. Morgan Stanley reissued an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Finally, Wall Street Zen downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, 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.