Janney Montgomery Scott LLC Grows Stock Position in Relx Plc $RELX

Janney Montgomery Scott LLC boosted its position in Relx Plc (NYSE:RELX) by 9.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 292,752 shares of the technology company’s stock after purchasing an additional 25,003 shares during the period. Janney Montgomery Scott LLC’s holdings in Relx were worth $9,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RELX. Capital International Investors increased its holdings in Relx by 66.7% in the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after acquiring an additional 4,264,474 shares during the last quarter. Morgan Stanley lifted its holdings in Relx by 7.0% during the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock valued at $253,825,000 after purchasing an additional 408,833 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Relx by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock valued at $141,583,000 after purchasing an additional 56,363 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Relx by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock worth $164,120,000 after purchasing an additional 46,515 shares during the period. Finally, Northern Trust Corp boosted its position in Relx by 3.5% during the third quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock worth $116,093,000 after purchasing an additional 81,195 shares during the period. 15.02% of the stock is currently owned by institutional investors.

Relx Price Performance

NYSE RELX opened at $31.93 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. Relx Plc has a 12 month low of $27.57 and a 12 month high of $54.30. The stock’s fifty day moving average price is $33.40 and its 200-day moving average price is $35.06.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RELX shares. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings lowered Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 15th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Relx Company 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.