Fortis Capital Advisors LLC Has $510,000 Stake in RELX PLC $RELX

Fortis Capital Advisors LLC raised its stake in shares of RELX PLC (NYSE:RELX) by 3.1% in the second quarter, Holdings Channel.com reports. The firm owned 9,389 shares of the technology company’s stock after buying an additional 279 shares during the period. Fortis Capital Advisors LLC’s holdings in RELX were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RELX. Rhumbline Advisers boosted its stake in RELX by 1.2% during the 1st quarter. Rhumbline Advisers now owns 34,906 shares of the technology company’s stock valued at $1,760,000 after purchasing an additional 411 shares during the last quarter. Merit Financial Group LLC boosted its stake in RELX by 77.7% during the 1st quarter. Merit Financial Group LLC now owns 11,757 shares of the technology company’s stock valued at $593,000 after purchasing an additional 5,139 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its stake in RELX by 11.0% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 123,841 shares of the technology company’s stock valued at $6,243,000 after purchasing an additional 12,303 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in RELX during the 1st quarter valued at about $224,000. Finally, Park Avenue Securities LLC boosted its stake in shares of RELX by 6.3% in the 1st quarter. Park Avenue Securities LLC now owns 65,050 shares of the technology company’s stock worth $3,279,000 after buying an additional 3,877 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RELX shares. Wall Street Zen downgraded RELX from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Morgan Stanley restated an “overweight” rating on shares of RELX in a research note on Thursday, September 11th. Kepler Capital Markets upgraded RELX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of RELX in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

RELX Trading Down 0.4%

NYSE:RELX opened at $46.43 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $85.09 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.87. The firm’s 50 day moving average is $47.85 and its 200 day moving average is $50.96. RELX PLC has a 12 month low of $44.19 and a 12 month high of $56.33.

RELX Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were paid a $0.2634 dividend. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 170.0%. RELX’s dividend payout ratio (DPR) is presently 28.49%.

About RELX

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.