Adero Partners LLC Buys Shares of 4,329 Relx Plc (NYSE:RELX)

Adero Partners LLC purchased a new position in shares of Relx Plc (NYSE:RELX) during the first quarter, Holdings Channel.com reports. The fund purchased 4,329 shares of the technology company’s stock, valued at approximately $218,000.

Other hedge funds have also made changes to their positions in the company. Transce3nd LLC acquired a new position in Relx during the 4th quarter worth $40,000. Sierra Ocean LLC purchased a new position in shares of Relx in the 4th quarter valued at about $43,000. Brown Brothers Harriman & Co. grew its position 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 buying an additional 662 shares in the last quarter. Private Trust Co. NA grew its position in shares of Relx by 19.2% during the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after buying an additional 199 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Relx during the fourth quarter worth approximately $74,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Performance

Shares of RELX opened at $53.34 on Tuesday. The company has a market capitalization of $100.16 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Relx Plc has a 52-week low of $43.45 and a 52-week high of $56.33. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average price of $53.29 and a 200 day moving average price of $50.04.

Wall Street Analyst Weigh In

RELX has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Wednesday, April 16th. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, March 26th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.