Relx Plc $RELX Position Lifted by Osaic Holdings Inc.

Osaic Holdings Inc. raised its stake in Relx Plc (NYSE:RELX) by 82.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 41,505 shares of the technology company’s stock after purchasing an additional 18,758 shares during the period. Osaic Holdings Inc.’s holdings in Relx were worth $2,242,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RELX. WPG Advisers LLC bought a new stake in Relx in the first quarter valued at about $28,000. NewSquare Capital LLC grew its position in shares of Relx by 522.0% in the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock worth $31,000 after acquiring an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Relx by 99.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after acquiring an additional 303 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Relx in the 2nd quarter valued at approximately $37,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Relx during the 2nd quarter valued at approximately $38,000. Institutional investors own 15.02% of the company’s stock.

Relx Stock Down 0.0%

Relx stock opened at $41.08 on Friday. Relx Plc has a 52-week low of $39.31 and a 52-week high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The firm has a 50-day moving average price of $41.93 and a two-hundred day moving average price of $46.84.

Analyst Ratings Changes

RELX has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Barclays reissued an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “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.