Relx Plc (NYSE:RELX) Stock Position Reduced by Earnest Partners LLC

Earnest Partners LLC decreased its stake in Relx Plc (NYSE:RELX) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,060 shares of the technology company’s stock after selling 4,912 shares during the quarter. Earnest Partners LLC’s holdings in Relx were worth $3,214,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Relx by 12.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 342,665 shares of the technology company’s stock worth $14,834,000 after acquiring an additional 36,810 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Relx during the 1st quarter worth about $4,398,000. Atria Investments Inc lifted its holdings in shares of Relx by 27.6% during the 1st quarter. Atria Investments Inc now owns 81,038 shares of the technology company’s stock valued at $3,508,000 after buying an additional 17,508 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Relx by 59.4% in the 1st quarter. Park Avenue Securities LLC now owns 45,313 shares of the technology company’s stock valued at $1,962,000 after buying an additional 16,879 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Relx by 185.6% in the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after buying an additional 434,963 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup upgraded shares of Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Relx Stock Performance

Shares of Relx stock opened at $47.56 on Friday. Relx Plc has a 12-month low of $33.24 and a 12-month high of $48.91. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average price of $46.45 and a two-hundred day moving average price of $44.71.

Relx Cuts Dividend

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

Relx Company 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.