BI Asset Management Fondsmaeglerselskab A S Purchases 103,274 Shares of Relx Plc $RELX

BI Asset Management Fondsmaeglerselskab A S lifted its position in Relx Plc (NYSE:RELX) by 58.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,488 shares of the technology company’s stock after buying an additional 103,274 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Relx were worth $9,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Relx by 17.1% in the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after acquiring an additional 9,287 shares during the period. Millennium Management LLC boosted its position in Relx by 51.4% in the first quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock worth $13,891,000 after purchasing an additional 93,610 shares during the last quarter. Focus Partners Wealth boosted its position in Relx by 5.1% in the first quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after purchasing an additional 522 shares during the last quarter. Acadian Asset Management LLC grew its stake 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 during the period. Finally, Sivia Capital Partners LLC grew its stake 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 during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group initiated coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Relx from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 15th. Finally, Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. One investment 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 company’s stock. According to data from MarketBeat, Relx presently has a consensus rating of “Moderate Buy”.

Relx Trading Up 0.1%

Shares of RELX opened at $31.21 on Monday. 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 business has a 50-day simple moving average of $34.12 and a two-hundred day simple moving average of $35.62. Relx Plc has a 52 week low of $27.57 and a 52 week high of $54.37.

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.