Tealwood Asset Management Inc. Buys Shares of 52,884 Relx Plc $RELX

Tealwood Asset Management Inc. bought a new stake in shares of Relx Plc (NYSE:RELX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 52,884 shares of the technology company’s stock, valued at approximately $2,138,000.

A number of other hedge funds have also made changes to their positions in the stock. Salomon & Ludwin LLC increased its stake in shares of Relx by 1,646.2% in the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after buying an additional 642 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Relx by 191.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock valued at $33,000 after acquiring an additional 460 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Relx during the 2nd quarter valued at $38,000. Bessemer Group Inc. grew its holdings in Relx by 104.2% during the 3rd quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock worth $42,000 after acquiring an additional 443 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Relx in the 2nd quarter worth about $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 research analyst reports. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Finally, Citigroup assumed coverage on Relx in a report on Monday, January 12th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Relx Price Performance

Relx stock opened at $33.34 on Friday. Relx Plc has a 1 year low of $27.57 and a 1 year high of $56.33. The firm’s 50-day moving average is $34.75 and its 200-day moving average is $40.44. 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 (NYSE:RELX) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. As a group, research analysts forecast that Relx Plc will post 1.68 earnings per share for the current year.

Relx Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.6559 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a dividend yield of 422.0%.

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.