Evelyn Partners Asset Management Ltd Has $5.22 Million Stock Position in Relx Plc $RELX

Evelyn Partners Asset Management Ltd raised its position in Relx Plc (NYSE:RELX) by 53.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,612 shares of the technology company’s stock after purchasing an additional 55,028 shares during the quarter. Relx makes up approximately 1.3% of Evelyn Partners Asset Management Ltd’s holdings, making the stock its 29th biggest position. Evelyn Partners Asset Management Ltd’s holdings in Relx were worth $5,225,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RELX. Bridgewater Advisors Inc. lifted its holdings in shares of Relx by 2.5% during the 4th quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock valued at $447,000 after buying an additional 267 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Relx by 7.4% in the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock worth $218,000 after buying an additional 275 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Relx by 5.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,511 shares of the technology company’s stock worth $223,000 after buying an additional 281 shares during the last quarter. Horizon Investments LLC raised its position in Relx by 23.0% during the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock valued at $72,000 after acquiring an additional 284 shares in the last quarter. Finally, Natural Investments LLC raised its position in Relx by 2.4% during the fourth quarter. Natural Investments LLC now owns 12,316 shares of the technology company’s stock valued at $497,000 after acquiring an additional 288 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Up 3.6%

RELX opened at $35.65 on Tuesday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The business has a 50 day moving average price of $32.89 and a 200 day moving average price of $34.13. Relx Plc has a twelve month low of $27.57 and a twelve month high of $52.36.

Relx Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a $0.2785 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 163.0%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays reiterated an “overweight” rating on shares of Relx in a research note on Friday. The Goldman Sachs Group started coverage on shares of Relx in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Weiss Ratings lowered shares of Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Relx

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.