Clearbridge Investments LLC Has $68.07 Million Stock Holdings in Relx Plc $RELX

Clearbridge Investments LLC boosted its position in Relx Plc (NYSE:RELX) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,684,028 shares of the technology company’s stock after acquiring an additional 179,677 shares during the period. Clearbridge Investments LLC owned 0.09% of Relx worth $68,068,000 at the end of the most recent quarter.

Other hedge funds 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 about $26,000. Cornerstone Planning Group LLC boosted its holdings in Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after acquiring an additional 695 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Relx by 104.2% in the third quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock valued at $42,000 after acquiring an additional 443 shares during the last quarter. C WorldWide Group Holding A S bought a new position in Relx in the fourth quarter valued at about $48,000. Finally, Stance Capital LLC bought a new position in Relx in the third quarter valued at about $69,000. Institutional investors own 15.02% of the company’s stock.

Relx Trading Down 1.8%

Shares of 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 company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The stock’s 50-day moving average price is $34.19 and its two-hundred day moving average price is $36.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RELX shares. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Relx in a report on Friday, May 8th. The Goldman Sachs Group started coverage on Relx in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.