Relx Plc (NYSE:RELX) Sees Significant Decline in Short Interest

Relx Plc (NYSE:RELX) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 3,298,668 shares, a decline of 20.4% from the January 29th total of 4,145,796 shares. Based on an average trading volume of 6,255,627 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 6,255,627 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Relx

A number of institutional investors and hedge funds have recently made changes to their positions in RELX. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Relx during the fourth quarter valued at $26,000. Cornerstone Planning Group LLC lifted its position in Relx by 2,574.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares during the last quarter. NewSquare Capital LLC boosted its stake in Relx by 522.0% during the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. Salomon & Ludwin LLC grew its position in Relx by 1,646.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after purchasing an additional 642 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after purchasing an additional 760 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

Relx stock opened at $34.79 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. Relx has a 12 month low of $27.57 and a 12 month high of $56.33. The company has a fifty day moving average price of $36.78 and a two-hundred day moving average price of $41.72.

Relx (NYSE:RELX) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. On average, equities analysts anticipate that Relx will post 1.68 earnings per share for the current fiscal year.

Relx Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on RELX. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Citigroup started coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Relx has a consensus rating of “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.