Janney Montgomery Scott LLC Has $9.71 Million Holdings in Relx Plc $RELX

Janney Montgomery Scott LLC grew its position in shares of Relx Plc (NYSE:RELX) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 292,752 shares of the technology company’s stock after purchasing an additional 25,003 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Relx were worth $9,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in shares of Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after acquiring an additional 9,287 shares in the last quarter. Millennium Management LLC increased its holdings in Relx by 51.4% during the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock worth $13,891,000 after purchasing an additional 93,610 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Relx by 5.1% in the first quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after purchasing an additional 522 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Relx by 60.2% in the first quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock worth $720,000 after purchasing an additional 5,374 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in shares of Relx by 57.9% in the second quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock valued at $381,000 after purchasing an additional 2,568 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Stock Up 1.7%

Shares of Relx stock opened at $31.93 on Friday. Relx Plc has a 1 year low of $27.57 and a 1 year high of $54.30. The stock has a fifty day moving average price of $33.40 and a 200-day moving average price of $35.06. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RELX shares. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Morgan Stanley lowered shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings downgraded shares of Relx from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 15th. Finally, Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock 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.