Rhumbline Advisers Grows Stock Position in Relx Plc (NYSE:RELX)

Rhumbline Advisers lifted its stake in Relx Plc (NYSE:RELX) by 8.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 30,808 shares of the technology company’s stock after acquiring an additional 2,479 shares during the period. Rhumbline Advisers’ holdings in Relx were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted its holdings in Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in Relx by 90.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after buying an additional 468 shares during the period. Timber Creek Capital Management LLC purchased a new stake in Relx during the 1st quarter valued at $43,000. Indiana Trust & Investment Management CO purchased a new stake in Relx during the 2nd quarter valued at $52,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Relx by 144.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company’s stock valued at $62,000 after buying an additional 852 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Price Performance

Shares of NYSE:RELX opened at $47.99 on Friday. The business has a 50-day moving average price of $46.23 and a 200-day moving average price of $44.59. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 52-week low of $33.13 and a 52-week high of $48.24.

Relx Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were given a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date was Friday, August 2nd.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. Citigroup raised Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

Relx Profile

RELX PLC, together with its subsidiaries, 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.