Relx Plc (NYSE:RELX) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of Relx Plc (NYSE:RELX) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,619 shares of the technology company’s stock after acquiring an additional 1,306 shares during the quarter. Park Avenue Securities LLC’s holdings in Relx were worth $2,139,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RELX. Raymond James Financial Services Advisors Inc. increased its stake in shares of Relx by 17.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,893 shares of the technology company’s stock valued at $829,000 after purchasing an additional 3,108 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Relx during the fourth quarter valued at approximately $700,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Relx during the fourth quarter valued at approximately $1,743,000. BSW Wealth Partners increased its stake in shares of Relx by 8.2% during the fourth quarter. BSW Wealth Partners now owns 8,167 shares of the technology company’s stock valued at $324,000 after acquiring an additional 616 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Relx by 49.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,719 shares of the technology company’s stock valued at $147,000 after acquiring an additional 1,231 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Relx in a research note on Tuesday. They set a “hold” rating on the stock.

Relx Stock Up 0.1 %

NYSE:RELX traded up $0.05 during trading hours on Wednesday, reaching $44.15. 1,099,695 shares of the company’s stock were exchanged, compared to its average volume of 938,153. Relx Plc has a 12 month low of $31.38 and a 12 month high of $47.42. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The business’s 50-day simple moving average is $45.51 and its two-hundred day simple moving average is $43.69.

Relx Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be issued a $0.234 dividend. The ex-dividend date is Friday, August 2nd. This represents a yield of 1.6%.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.