Ascent Group LLC Buys 427 Shares of Relx Plc (NYSE:RELX)

Ascent Group LLC lifted its stake in shares of Relx Plc (NYSE:RELX) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,894 shares of the technology company’s stock after acquiring an additional 427 shares during the quarter. Ascent Group LLC’s holdings in Relx were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its position in shares of Relx by 192.9% during the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after acquiring an additional 571 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Relx by 90.9% during the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after acquiring an additional 468 shares during the last quarter. Timber Creek Capital Management LLC bought a new position in shares of Relx during the first quarter worth about $43,000. Indiana Trust & Investment Management CO bought a new position in shares of Relx during the second quarter worth about $52,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Relx by 144.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company’s stock worth $62,000 after acquiring an additional 852 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Trading Down 0.2 %

Shares of Relx stock opened at $47.45 on Tuesday. 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 $33.24 and a 52 week high of $48.91. The stock has a 50 day moving average price of $46.54 and a two-hundred day moving average price of $44.79. The stock has a market capitalization of $88.65 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Relx Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 2nd were paid a $0.234 dividend. The ex-dividend date was Friday, August 2nd. This represents a yield of 1.6%. Relx’s dividend payout ratio (DPR) is presently 27.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RELX shares. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st. Citigroup upgraded 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.