Goodman Advisory Group LLC Acquires Shares of 17,916 Relx Plc $RELX

Goodman Advisory Group LLC acquired a new stake in shares of Relx Plc (NYSE:RELX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,916 shares of the technology company’s stock, valued at approximately $974,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RELX. Frank Rimerman Advisors LLC boosted its stake in Relx by 3.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock valued at $373,000 after purchasing an additional 230 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Relx by 1.0% in the second quarter. Venturi Wealth Management LLC now owns 24,476 shares of the technology company’s stock valued at $1,330,000 after purchasing an additional 232 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of Relx by 15.7% in the second quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock valued at $93,000 after purchasing an additional 233 shares in the last quarter. Marks Group Wealth Management Inc boosted its position in shares of Relx by 1.0% during the second quarter. Marks Group Wealth Management Inc now owns 23,789 shares of the technology company’s stock valued at $1,293,000 after buying an additional 243 shares during the last quarter. Finally, Brucke Financial Inc. grew its holdings in Relx by 1.9% during the second quarter. Brucke Financial Inc. now owns 13,221 shares of the technology company’s stock worth $718,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Performance

RELX opened at $40.30 on Friday. Relx Plc has a fifty-two week low of $39.31 and a fifty-two week high of $56.33. The firm has a 50-day moving average of $42.81 and a 200 day moving average of $47.75. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47.

Analyst Ratings Changes

Several brokerages have weighed in on RELX. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research report on Monday, December 8th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Relx presently has an average rating of “Buy”.

Relx 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.