Lido Advisors LLC Boosts Stake in Relx Plc (NYSE:RELX)

Lido Advisors LLC increased its position in shares of Relx Plc (NYSE:RELX) by 30.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,919 shares of the technology company’s stock after buying an additional 3,958 shares during the quarter. Lido Advisors LLC’s holdings in Relx were worth $768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co boosted its stake in shares of Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after buying an additional 529 shares during the period. Versant Capital Management Inc acquired a new stake in Relx during the 4th quarter worth approximately $31,000. Transce3nd LLC purchased a new position in shares of Relx in the 4th quarter valued at approximately $40,000. Sierra Ocean LLC acquired a new position in shares of Relx in the fourth quarter valued at approximately $43,000. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Relx by 218.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after purchasing an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Trading Up 1.7 %

Shares of Relx stock opened at $55.00 on Friday. The company has a 50-day moving average of $49.97 and a two-hundred day moving average of $48.47. Relx Plc has a 12-month low of $41.94 and a 12-month high of $55.08. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The stock has a market cap of $101.79 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86.

Relx Increases Dividend

The company 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 is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. The ex-dividend date is Friday, May 9th. Relx’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RELX shares. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Wednesday, April 16th. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group began coverage on Relx in a research note on Wednesday, March 26th. They set a “buy” rating for the company. Finally, Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.