BI Asset Management Fondsmaeglerselskab A S Acquires New Shares in Relx Plc $RELX

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Relx Plc (NYSE:RELX) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 175,214 shares of the technology company’s stock, valued at approximately $7,082,000.

A number of other hedge funds have also bought and sold shares of RELX. AQR Capital Management LLC grew its position in shares of Relx by 17.1% during the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after purchasing an additional 9,287 shares in the last quarter. Millennium Management LLC grew its position in shares of Relx by 51.4% during the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after purchasing an additional 93,610 shares in the last quarter. Focus Partners Wealth grew its position in shares of Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after purchasing an additional 522 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after purchasing an additional 5,374 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its position in shares of Relx by 57.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock valued at $381,000 after purchasing an additional 2,568 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Price Performance

Relx stock opened at $35.17 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The firm has a fifty day simple moving average of $34.14 and a two-hundred day simple moving average of $36.14. Relx Plc has a twelve month low of $27.57 and a twelve month high of $54.37.

Wall Street Analyst Weigh In

RELX has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Relx in a research report on Wednesday. They set a “buy” rating for the company. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of Relx in a research report on Friday, May 8th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Morgan Stanley lowered shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. One research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate 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.