Graham Capital Management L.P. Purchases New Holdings in Relx Plc $RELX

Graham Capital Management L.P. purchased a new stake in Relx Plc (NYSE:RELX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 96,787 shares of the technology company’s stock, valued at approximately $3,912,000.

Several other institutional investors have also recently added to or reduced their stakes in RELX. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its position in Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after purchasing an additional 695 shares during the period. Transamerica Financial Advisors LLC increased its position in Relx by 3,040.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares during the period. Manchester Capital Management LLC increased its position in Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares during the period. Finally, Palladiem LLC acquired a new position in Relx during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

RELX has been the topic of several recent analyst reports. Weiss Ratings cut Relx from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. The Goldman Sachs Group initiated coverage on Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Finally, Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Relx Trading Down 0.1%

RELX opened at $32.81 on Wednesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The stock’s 50 day simple moving average is $34.25 and its 200 day simple moving average is $35.80. Relx Plc has a 1-year low of $27.57 and a 1-year high of $54.37.

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.