QRG Capital Management Inc. Has $3.41 Million Position in Relx Plc $RELX

QRG Capital Management Inc. trimmed its stake in shares of Relx Plc (NYSE:RELX) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,925 shares of the technology company’s stock after selling 26,091 shares during the quarter. QRG Capital Management Inc.’s holdings in Relx were worth $3,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Relx during the fourth quarter worth $26,000. Cornerstone Planning Group LLC boosted its position in Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after acquiring an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after acquiring an additional 760 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,003 shares during the period. Finally, Palladiem LLC acquired a new stake in Relx during the 4th quarter worth about $44,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on RELX. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Weiss Ratings lowered shares of Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 15th. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Morgan Stanley lowered shares of Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Relx Trading Up 2.7%

RELX traded up $0.86 during midday trading on Tuesday, reaching $33.13. The company had a trading volume of 831,693 shares, compared to its average volume of 3,421,560. The business has a 50-day moving average price of $33.24 and a two-hundred day moving average price of $34.94. Relx Plc has a 12-month low of $27.57 and a 12-month high of $54.30. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38.

About Relx

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.