Relx (NYSE:RELX) Shares Gap Down - Should You Sell?

Shares of Relx Plc (NYSE:RELX - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $53.85, but opened at $51.75. Relx shares last traded at $51.41, with a volume of 202,445 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on RELX. Morgan Stanley restated an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. The Goldman Sachs Group began coverage on shares of Relx in a research note on Wednesday, March 26th. They set a "buy" rating for the company. StockNews.com lowered shares of Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".

Relx Price Performance

The firm has a market capitalization of $100.92 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The business's 50 day moving average is $51.14 and its two-hundred day moving average is $48.89.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a yield of 1.6%. This is a positive change from Relx's previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. Relx's payout ratio is currently 59.68%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RELX. Ameriprise Financial Inc. grew its position in shares of Relx by 368.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock valued at $127,437,000 after purchasing an additional 2,208,119 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Relx during the fourth quarter valued at about $44,516,000. Northern Trust Corp raised its stake in shares of Relx by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock valued at $99,542,000 after acquiring an additional 745,532 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Relx by 6,125.5% during the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock valued at $34,232,000 after acquiring an additional 668,165 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Relx by 290.3% during the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company's stock valued at $40,277,000 after acquiring an additional 659,547 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

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.