Capital International Inc. CA Takes $4.92 Million Position in Relx Plc $RELX

Capital International Inc. CA acquired a new stake in shares of Relx Plc (NYSE:RELX) in the fourth quarter, Holdings Channel.com reports. The fund acquired 121,655 shares of the technology company’s stock, valued at approximately $4,917,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RELX. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Relx in the fourth quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after buying an additional 695 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Relx by 104.2% during the third quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock valued at $42,000 after buying an additional 443 shares in the last quarter. C WorldWide Group Holding A S purchased a new position in shares of Relx during the fourth quarter valued at $48,000. Finally, Stance Capital LLC purchased a new position in shares of Relx during the third quarter valued at $69,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Down 1.8%

Shares of NYSE:RELX opened at $34.53 on Tuesday. Relx Plc has a 1 year low of $27.57 and a 1 year high of $54.37. The business has a fifty day simple moving average of $34.19 and a 200 day simple moving average of $36.07. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research downgraded Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Relx in a report on Friday, May 8th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Relx has a consensus rating of “Moderate Buy”.

About Relx

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.