Ritholtz Wealth Management lessened its stake in Relx Plc (NYSE:RELX – Get Rating) by 36.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,781 shares of the technology company's stock after selling 12,021 shares during the quarter. Ritholtz Wealth Management's holdings in Relx were worth $560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Huntington National Bank purchased a new position in shares of Relx in the first quarter worth $25,000. AdvisorNet Financial Inc raised its stake in Relx by 72.1% during the first quarter. AdvisorNet Financial Inc now owns 1,497 shares of the technology company's stock valued at $47,000 after purchasing an additional 627 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in Relx during the first quarter valued at $67,000. Addison Advisors LLC raised its stake in Relx by 10.0% during the first quarter. Addison Advisors LLC now owns 4,166 shares of the technology company's stock valued at $130,000 after purchasing an additional 379 shares in the last quarter. Finally, CWM LLC raised its stake in Relx by 50.0% during the first quarter. CWM LLC now owns 5,023 shares of the technology company's stock valued at $156,000 after purchasing an additional 1,674 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company's stock.

Relx Trading Down 2.2 %

Shares of RELX opened at $23.86 on Monday. The company's fifty day simple moving average is $27.48 and its 200-day simple moving average is $28.34. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.51 and a quick ratio of 0.45. Relx Plc has a twelve month low of $23.66 and a twelve month high of $32.71.

Relx Cuts Dividend

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RELX shares. Barclays upped their price target on shares of Relx from GBX 2,650 ($32.02) to GBX 2,785 ($33.65) in a research note on Friday, September 16th. JPMorgan Chase & Co. upped their price target on shares of Relx from GBX 2,670 ($32.26) to GBX 2,800 ($33.83) in a research note on Monday, July 25th. Morgan Stanley increased their target price on shares of Relx from GBX 2,750 ($33.23) to GBX 2,860 ($34.56) in a research note on Wednesday, July 20th. UBS Group increased their target price on shares of Relx from GBX 2,615 ($31.60) to GBX 2,700 ($32.62) in a research note on Friday, July 29th. Finally, StockNews.com assumed coverage on shares of Relx in a research note on Wednesday, July 27th. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $2,790.00.

Relx Profile

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RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.

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