Tudor Investment Corp ET AL Invests $1.44 Million in Relx Plc $RELX

Key Points

• Tudor Investment Corp ET AL opened a new position in Relx, buying 30,168 shares valued at about $1.44 million in the third quarter.
• Relx reported quarterly EPS of $42.81 (vs. $0.85 expected) while revenue was $3.19 billion (below $6.70 billion expected), and the company declared a $0.6559 dividend payable June 24 (ex-dividend May 8).
• Analysts hold a consensus rating of "Moderate Buy" (one Strong Buy, four Buy, two Hold), and institutional investors own about 15.02% of the company's stock.

Tudor Investment Corp ET AL purchased a new position in shares of Relx Plc (NYSE:RELX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,168 shares of the technology company's stock, valued at approximately $1,441,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its position in Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company's stock worth $32,000 after acquiring an additional 642 shares during the period. Nisa Investment Advisors LLC lifted its position in Relx by 191.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company's stock worth $33,000 after acquiring an additional 460 shares during the period. Bessemer Group Inc. lifted its position in Relx by 104.2% during the 3rd quarter. Bessemer Group Inc. now owns 868 shares of the technology company's stock worth $42,000 after acquiring an additional 443 shares during the period. First Horizon Corp acquired a new stake in Relx during the 3rd quarter worth about $46,000. Finally, Stance Capital LLC acquired a new stake in Relx during the 3rd quarter worth about $69,000. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Trading Up 0.0%

NYSE RELX opened at $33.32 on Monday. The stock has a 50-day simple moving average of $32.69 and a two-hundred day simple moving average of $38.92. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $56.33. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38.

Relx (NYSE:RELX - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $42.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $41.96. The company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $6.70 billion. As a group, equities research analysts forecast that Relx Plc will post 1.68 earnings per share for the current year.

Relx Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be paid a $0.6559 dividend. This represents a dividend yield of 422.0%. The ex-dividend date is Friday, May 8th.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Relx in a research report on Monday, December 29th. Zacks Research cut Relx from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 4th. Wall Street Zen lowered Relx from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research note on Monday, February 2nd. Finally, Citigroup upgraded Relx from a "neutral" rating to a "buy" rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Relx currently has a consensus rating of "Moderate Buy".

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX's offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.

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