QRG Capital Management Inc. Trims Holdings in Relx Plc $RELX

QRG Capital Management Inc. trimmed its stake in shares of Relx Plc (NYSE:RELX) by 20.2% during the first quarter, HoldingsChannel.com reports. The firm owned 102,925 shares of the technology company’s stock after selling 26,091 shares during the quarter. QRG Capital Management Inc.’s holdings in Relx were worth $3,412,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Relx in the fourth quarter valued at $26,000. Cornerstone Planning Group LLC lifted its stake in Relx by 2,574.1% during the fourth 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 last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of Relx by 3,040.0% in 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 in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Relx by 1,823.6% in 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 in the last quarter. Finally, Palladiem LLC bought a new position in shares of Relx during the 4th quarter valued at about $44,000. Institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RELX. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. Weiss Ratings cut shares of Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 15th. Finally, Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Relx currently has an average rating of “Moderate Buy”.

Relx Stock Up 2.7%

RELX stock traded up $0.86 on Tuesday, reaching $33.13. The company’s stock had a trading volume of 831,693 shares, compared to its average volume of 3,421,560. The business has a fifty day simple moving average of $33.24 and a two-hundred day simple moving average of $34.94. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. Relx Plc has a 12-month low of $27.57 and a 12-month high of $54.30.

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.