Relx Plc (NYSE:RELX) Stake Reduced by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its holdings in Relx Plc (NYSE:RELX - Free Report) by 17.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,102 shares of the technology company's stock after selling 6,378 shares during the period. Schechter Investment Advisors LLC's holdings in Relx were worth $1,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RELX. DRW Securities LLC boosted its stake in Relx by 5.9% during the 4th quarter. DRW Securities LLC now owns 4,652 shares of the technology company's stock valued at $211,000 after purchasing an additional 259 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Relx by 3.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company's stock worth $371,000 after buying an additional 267 shares during the period. Ascent Group LLC boosted its position in shares of Relx by 2.0% during the fourth quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock worth $637,000 after buying an additional 277 shares during the period. Portside Wealth Group LLC grew its holdings in Relx by 2.5% in the 1st quarter. Portside Wealth Group LLC now owns 11,710 shares of the technology company's stock worth $590,000 after buying an additional 283 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in 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. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Price Performance

NYSE:RELX traded up $0.28 during midday trading on Monday, hitting $53.90. 1,091,389 shares of the stock were exchanged, compared to its average volume of 758,785. The company has a market capitalization of $98.99 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 3.23 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. Relx Plc has a one year low of $43.45 and a one year high of $56.33. The business has a 50-day moving average price of $53.77 and a two-hundred day moving average price of $50.89.

Analysts Set New Price Targets

RELX has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating for the company. Wall Street Zen downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently 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.