Demars Financial Group LLC Invests $552,000 in Relx Plc $RELX

Demars Financial Group LLC purchased a new position in Relx Plc (NYSE:RELX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,650 shares of the technology company’s stock, valued at approximately $552,000.

Several other institutional investors have also recently added to or reduced their stakes in RELX. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx in the 4th quarter worth about $26,000. Cornerstone Planning Group LLC lifted its position 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 worth $27,000 after purchasing an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares in the last quarter. Manchester Capital Management LLC grew its stake in Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Palladiem LLC bought a new stake in Relx in the fourth quarter valued at about $44,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on RELX shares. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. The Goldman Sachs Group initiated coverage on Relx in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Relx Trading Down 2.3%

Shares of NYSE RELX opened at $32.07 on Thursday. 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’s 50-day moving average price is $33.08 and its two-hundred day moving average price is $34.82. Relx Plc has a 52-week low of $27.57 and a 52-week high of $54.30.

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.