Penserra Capital Management LLC purchased a new position in shares of Relx Plc (NYSE:RELX – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,485 shares of the technology company’s stock, valued at approximately $36,000.
A number of other hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Relx by 3.8% during the second quarter. Goldman Sachs Group Inc. now owns 2,480,053 shares of the technology company’s stock worth $66,812,000 after buying an additional 91,295 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Relx by 19.5% during the second quarter. Renaissance Technologies LLC now owns 2,201,100 shares of the technology company’s stock worth $59,298,000 after buying an additional 359,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Relx by 9.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,155,718 shares of the technology company’s stock worth $52,405,000 after purchasing an additional 192,545 shares during the last quarter. Northern Trust Corp lifted its stake in Relx by 4.8% during the second quarter. Northern Trust Corp now owns 1,833,323 shares of the technology company’s stock worth $49,390,000 after purchasing an additional 84,231 shares during the last quarter. Finally, FMR LLC lifted its stake in Relx by 1.6% during the second quarter. FMR LLC now owns 1,633,783 shares of the technology company’s stock worth $44,014,000 after purchasing an additional 25,114 shares during the last quarter. Institutional investors and hedge funds own 3.41% of the company’s stock.
Relx Price Performance
RELX stock opened at $30.57 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Relx Plc has a 1 year low of $23.39 and a 1 year high of $32.24. The stock’s fifty day moving average is $29.04 and its two-hundred day moving average is $27.47.
Relx Increases Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on RELX shares. JPMorgan Chase & Co. raised their price objective on Relx from GBX 2,730 ($32.94) to GBX 2,810 ($33.91) in a research note on Thursday, January 26th. Barclays cut Relx from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 31st. Credit Suisse Group raised their price objective on Relx from GBX 2,800 ($33.79) to GBX 2,860 ($34.51) in a research note on Friday, February 17th. Morgan Stanley reduced their price objective on Relx from GBX 3,020 ($36.44) to GBX 2,950 ($35.60) in a research note on Friday, December 16th. Finally, StockNews.com began coverage on Relx in a research note on Wednesday, November 30th. They set a “hold” rating on the stock.
Relx Company Profile
RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.
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