Relx Plc (NYSE:RELX) Position Increased by Money Concepts Capital Corp

Money Concepts Capital Corp raised its position in shares of Relx Plc (NYSE:RELX - Free Report) by 237.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,604 shares of the technology company's stock after purchasing an additional 10,979 shares during the quarter. Money Concepts Capital Corp's holdings in Relx were worth $787,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in Relx by 4.2% in the 4th quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company's stock worth $283,714,000 after purchasing an additional 253,107 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Relx by 1.2% in the 4th quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company's stock valued at $191,868,000 after acquiring an additional 48,793 shares during the period. Dimensional Fund Advisors LP boosted its stake in Relx by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company's stock valued at $144,885,000 after acquiring an additional 121,831 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 during the last quarter. Finally, Northern Trust Corp boosted its holdings in Relx by 51.6% in the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock valued at $99,542,000 after purchasing an additional 745,532 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.

Relx Trading Down 2.5%

NYSE RELX traded down $1.33 during mid-day trading on Wednesday, hitting $52.59. The company's stock had a trading volume of 1,061,038 shares, compared to its average volume of 738,774. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 52-week low of $43.45 and a 52-week high of $56.33. The stock's fifty day simple moving average is $53.82 and its two-hundred day simple moving average is $50.45. The firm has a market capitalization of $98.74 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.83.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RELX. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Morgan Stanley restated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Wall Street Zen lowered shares of 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 set a "buy" rating for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.