Relx (NYSE:RELX) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• RELX shares rose above their 50-day moving average, trading as high as $36.04 and last changing hands at $35.91, compared with a 50-day average of $33.67.
• Analyst opinions are mixed, but the stock has a “Moderate Buy” consensus rating: one analyst rates it Strong Buy, four Buy, and three Hold, while Morgan Stanley and Wall Street Zen recently downgraded the shares.
• RELX announced a dividend of $0.2785 per share, payable September 15 to shareholders of record August 7. Hedge funds and other institutional investors own approximately 15.02% of the company.

Relx Plc (NYSE:RELX - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.67 and traded as high as $36.04. Relx shares last traded at $35.91, with a volume of 2,123,115 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RELX shares. The Goldman Sachs Group started coverage on shares of Relx in a report on Wednesday, June 3rd. They set a "buy" rating for the company. Morgan Stanley lowered Relx from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 7th. Barclays reissued an "overweight" rating on shares of Relx in a research note on Friday, July 24th. Wall Street Zen cut shares of Relx from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Finally, Weiss Ratings raised Relx from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Relx has a consensus rating of "Moderate Buy".

Relx Trading Up 1.5%

The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23. The company's fifty day moving average price is $33.67 and its two-hundred day moving average price is $33.55.

Relx Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.2785 per share. This represents a dividend yield of 157.0%. The ex-dividend date of this dividend is Friday, August 7th.

Hedge Funds Weigh In On Relx

Hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Relx in the fourth quarter valued at $26,000. Cornerstone Planning Group LLC raised its stake in Relx by 2,574.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company's stock valued at $27,000 after purchasing an additional 695 shares during the last quarter. Whipplewood Advisors LLC raised its stake in Relx by 2,468.4% in the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company's stock valued at $32,000 after purchasing an additional 938 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company's stock valued at $32,000 after purchasing an additional 760 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company's stock worth $43,000 after purchasing an additional 1,003 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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