Hantz Financial Services Inc. Grows Position in Relx Plc $RELX

Hantz Financial Services Inc. grew its stake in shares of Relx Plc (NYSE:RELX) by 394.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,983 shares of the technology company’s stock after buying an additional 26,313 shares during the quarter. Hantz Financial Services Inc.’s holdings in Relx were worth $1,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RELX. Cornerstone Planning Group LLC lifted its stake in Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after acquiring an additional 695 shares during the period. Bessemer Group Inc. lifted its stake in Relx by 104.2% in the third quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock worth $42,000 after acquiring an additional 443 shares during the period. C WorldWide Group Holding A S purchased a new stake in Relx in the fourth quarter worth $48,000. Stance Capital LLC purchased a new stake in Relx in the third quarter worth $69,000. Finally, Maseco LLP purchased a new stake in Relx in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

RELX opened at $32.88 on Thursday. The stock has a fifty day simple moving average of $34.09 and a two-hundred day simple moving average of $36.50. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. Relx Plc has a 12-month low of $27.57 and a 12-month high of $55.26.

Analysts Set New Price Targets

RELX has been the subject of a number of research analyst reports. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Relx in a research note on Friday, May 8th. Zacks Research lowered Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Relx Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.