ABC Arbitrage SA Boosts Holdings in Relx Plc $RELX

ABC Arbitrage SA boosted its position in shares of Relx Plc (NYSE:RELX) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 637,699 shares of the technology company’s stock after acquiring an additional 76,741 shares during the period. Relx makes up approximately 3.0% of ABC Arbitrage SA’s holdings, making the stock its 6th largest holding. ABC Arbitrage SA’s holdings in Relx were worth $30,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC boosted its position in shares of Relx by 622.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after acquiring an additional 1,163,189 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Relx by 10.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock worth $181,569,000 after buying an additional 303,002 shares during the period. Evelyn Partners Asset Management Ltd acquired a new stake in Relx in the 2nd quarter valued at $11,649,000. SCS Capital Management LLC raised its stake in Relx by 341.1% during the second quarter. SCS Capital Management LLC now owns 238,768 shares of the technology company’s stock worth $12,975,000 after acquiring an additional 184,643 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Relx by 50.8% during the second quarter. BNP Paribas Financial Markets now owns 426,875 shares of the technology company’s stock valued at $23,196,000 after acquiring an additional 143,861 shares during the period. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Relx presently has an average rating of “Buy”.

Relx Trading Down 0.6%

Shares of Relx stock opened at $29.31 on Wednesday. Relx Plc has a 12 month low of $29.09 and a 12 month high of $56.33. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The stock’s fifty day simple moving average is $39.16 and its 200 day simple moving average is $43.45.

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.