Baker Chad R Has $432,000 Stock Position in Relx Plc $RELX

Baker Chad R lowered its position in shares of Relx Plc (NYSE:RELX) by 93.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,505 shares of the technology company’s stock after selling 158,555 shares during the quarter. Baker Chad R’s holdings in Relx were worth $432,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RELX. Orion Porfolio Solutions LLC raised its position in Relx by 622.0% during the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after buying an additional 1,163,189 shares during the period. Voloridge Investment Management LLC purchased a new position in Relx during the 3rd quarter valued at about $39,737,000. Optiver Holding B.V. acquired a new position in shares of Relx in the 3rd quarter valued at about $20,570,000. Ameriprise Financial Inc. lifted its position in shares of Relx by 10.0% in the second quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock worth $181,569,000 after purchasing an additional 303,002 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Relx by 36.4% in the third quarter. Alliancebernstein L.P. now owns 1,111,700 shares of the technology company’s stock worth $53,095,000 after purchasing an additional 296,500 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Relx stock opened at $32.03 on Friday. Relx Plc has a one year low of $27.57 and a one year high of $56.33. The company’s fifty day moving average price is $33.99 and its two-hundred day moving average price is $40.06. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44.

Relx (NYSE:RELX) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $6.70 billion. As a group, analysts anticipate that Relx Plc will post 1.68 earnings per share for the current year.

Relx Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.6559 per share. This represents a yield of 422.0%. The ex-dividend date is Friday, May 8th.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RELX. Zacks Research lowered shares of Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Citigroup started coverage on Relx in a research report on Monday, January 12th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.