Caprock Group LLC Makes New Investment in Relx Plc $RELX

Caprock Group LLC acquired a new position in shares of Relx Plc (NYSE:RELXFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,243 shares of the technology company’s stock, valued at approximately $1,936,000.

A number of other large investors also recently made changes to their positions in RELX. NewSquare Capital LLC boosted its stake in Relx by 522.0% in the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. Salomon & Ludwin LLC lifted its holdings in shares of Relx by 1,646.2% during the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after buying an additional 642 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Relx by 99.3% in the second 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 period. Nisa Investment Advisors LLC boosted its position in shares of Relx by 191.7% in the third quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock valued at $33,000 after acquiring an additional 460 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Relx in the second quarter valued at about $37,000. Institutional investors own 15.02% of the company’s stock.

More Relx News

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Analysts Set New Price Targets

Several analysts have weighed in on RELX shares. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup started coverage on Relx in a research report on Monday, January 12th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Two equities research 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Get Our Latest Stock Report on Relx

Relx Price Performance

NYSE RELX opened at $31.08 on Friday. The business has a fifty day moving average price of $38.49 and a two-hundred day moving average price of $43.10. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $56.33.

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

Relx Dividend Announcement

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

About Relx

(Free Report)

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.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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