Relx (NYSE:RELX) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Relx (NYSE:RELX) from a buy rating to a hold rating in a research report released on Saturday morning.

Relx Price Performance

Shares of Relx stock opened at $46.15 on Friday. Relx has a one year low of $32.58 and a one year high of $47.42. The business has a 50-day simple moving average of $45.86 and a 200 day simple moving average of $44.27. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Relx Cuts Dividend

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

Hedge Funds Weigh In On Relx

A number of hedge funds and other institutional investors have recently modified their holdings of RELX. International Assets Investment Management LLC purchased a new position in Relx in the fourth quarter valued at approximately $700,000. CWM LLC lifted its stake in Relx by 7.5% in the fourth quarter. CWM LLC now owns 5,517 shares of the technology company’s stock valued at $219,000 after purchasing an additional 383 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Relx by 6.6% in the fourth quarter. Yousif Capital Management LLC now owns 33,334 shares of the technology company’s stock valued at $1,322,000 after purchasing an additional 2,070 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Relx in the fourth quarter valued at approximately $238,000. Finally, Russell Investments Group Ltd. lifted its stake in Relx by 75.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,296 shares of the technology company’s stock valued at $131,000 after purchasing an additional 1,416 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

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.