Causeway Capital Management LLC trimmed its stake in Relx Plc (NYSE:RELX - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,346 shares of the technology company's stock after selling 11,540 shares during the period. Causeway Capital Management LLC's holdings in Relx were worth $22,904,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after acquiring an additional 294 shares during the period. Cornerstone Planning Group LLC raised its position in Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after purchasing an additional 530 shares during the last quarter. Redwood Investments LLC acquired a new stake in Relx during the 4th quarter worth $120,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Relx by 842.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,676 shares of the technology company's stock valued at $135,000 after purchasing an additional 2,392 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.
Relx Stock Performance
NYSE:RELX opened at $47.80 on Tuesday. The firm's fifty day simple moving average is $51.58 and its 200-day simple moving average is $51.48. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The stock has a market cap of $87.69 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 3.16 and a beta of 0.88. Relx Plc has a fifty-two week low of $44.19 and a fifty-two week high of $56.33.
Relx Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be paid a $0.2634 dividend. This represents a yield of 170.0%. The ex-dividend date of this dividend is Friday, August 8th. Relx's dividend payout ratio (DPR) is presently 28.49%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Relx from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy".
Check Out Our Latest Report on RELX
Relx Company Profile
(
Free Report)
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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