LVW Advisors LLC Acquires 248 Shares of Relx Plc (NYSE:RELX)

LVW Advisors LLC grew its holdings in shares of Relx Plc (NYSE:RELX) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,189 shares of the technology company’s stock after acquiring an additional 248 shares during the quarter. LVW Advisors LLC’s holdings in Relx were worth $697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RELX. Capital International Investors raised its stake in shares of Relx by 22.6% during the first quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after acquiring an additional 1,623,705 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Relx by 13.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after purchasing an additional 399,101 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Relx by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,052 shares of the technology company’s stock worth $106,843,000 after purchasing an additional 94,052 shares during the period. Captrust Financial Advisors lifted its stake in Relx by 185.6% in the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after purchasing an additional 434,963 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in Relx during the fourth quarter valued at about $21,983,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Relx in a report on Tuesday, August 6th. They issued a “hold” rating on the stock.

Relx Trading Up 0.4 %

Shares of NYSE:RELX traded up $0.17 during midday trading on Tuesday, hitting $45.19. 34,186 shares of the stock traded hands, compared to its average volume of 922,944. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $45.60 and its two-hundred day moving average is $43.78. The stock has a market capitalization of $84.42 billion, a PE ratio of 26.17, a P/E/G ratio of 2.74 and a beta of 0.89. Relx Plc has a one year low of $31.38 and a one year high of $47.42.

Relx Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd will be given a $0.234 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio is currently 26.74%.

About Relx

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.