RELX PLC $RELX Shares Purchased by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management Inc. increased its stake in RELX PLC by 192.2% during the second quarter, owning 127,720 shares worth approximately $6.94 million.
• Several institutional investors have also boosted their holdings in RELX, with Larson Financial Group raising its stake by 612.5% and Ameritas Advisory Services acquiring a new stake worth $64,000.
• Analysts have mixed ratings for RELX, with Kepler Capital upgrading it to a strong-buy while Wall Street Zen downgraded it to a hold, resulting in an overall average rating of "Buy."

Triasima Portfolio Management inc. increased its stake in shares of RELX PLC (NYSE:RELX - Free Report) by 192.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,720 shares of the technology company's stock after acquiring an additional 84,010 shares during the quarter. RELX comprises approximately 1.3% of Triasima Portfolio Management inc.'s portfolio, making the stock its 23rd largest holding. Triasima Portfolio Management inc.'s holdings in RELX were worth $6,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of RELX. Larson Financial Group LLC raised its stake in RELX by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC acquired a new stake in RELX during the 1st quarter worth $28,000. Golden State Wealth Management LLC raised its stake in RELX by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in RELX by 325.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock worth $37,000 after acquiring an additional 530 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in RELX during the 2nd quarter worth $64,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on RELX shares. Kepler Capital Markets upgraded shares of RELX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. Morgan Stanley restated an "overweight" rating on shares of RELX in a research note on Thursday, September 11th. Weiss Ratings restated a "buy (b)" rating on shares of RELX in a research note on Saturday, September 27th. Wall Street Zen lowered shares of RELX from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Barclays restated an "overweight" rating on shares of RELX in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

RELX Stock Down 2.1%

RELX stock opened at $45.42 on Wednesday. The company has a market cap of $83.24 billion, a P/E ratio of 24.42, a P/E/G ratio of 3.03 and a beta of 0.87. RELX PLC has a 52 week low of $44.19 and a 52 week high of $56.33. The company's 50-day moving average price is $47.61 and its 200 day moving average price is $50.91. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

RELX Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 8th were issued a dividend of $0.2634 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 170.0%. RELX's payout ratio is currently 28.49%.

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.

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