Tealwood Asset Management Inc. Takes $2.14 Million Position in Relx Plc $RELX

Tealwood Asset Management Inc. bought a new position in shares of Relx Plc (NYSE:RELX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 52,884 shares of the technology company’s stock, valued at approximately $2,138,000.

Several other hedge funds have also recently bought and sold shares of the business. Salomon & Ludwin LLC lifted its position in Relx by 1,646.2% during the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after buying an additional 642 shares in the last quarter. Nisa Investment Advisors LLC increased 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 worth $33,000 after acquiring an additional 460 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Relx in the second quarter worth $38,000. Bessemer Group Inc. raised its stake in shares of Relx by 104.2% in the 3rd quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock valued at $42,000 after acquiring an additional 443 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Relx in the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

RELX opened at $33.34 on Friday. Relx Plc has a twelve month low of $27.57 and a twelve month high of $56.33. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The company has a fifty day simple moving average of $34.75 and a 200 day simple moving average of $40.44.

Relx (NYSE:RELX) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. As a group, sell-side analysts expect that Relx Plc will post 1.68 EPS for the current year.

Relx Dividend Announcement

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

Analyst Upgrades and Downgrades

RELX has been the subject of a number of research reports. Citigroup initiated coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research downgraded Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate 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.