Narwhal Capital Management Raises Position in Relx Plc $RELX

Narwhal Capital Management grew its position in shares of Relx Plc (NYSE:RELX) by 22.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 153,519 shares of the technology company’s stock after purchasing an additional 28,599 shares during the period. Narwhal Capital Management’s holdings in Relx were worth $7,332,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in Relx by 522.0% in the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after acquiring an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after purchasing an additional 303 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Relx during the second quarter valued at $37,000. Salomon & Ludwin LLC boosted its position in shares of Relx by 1,646.2% during the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after buying an additional 642 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Relx by 191.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after buying an additional 460 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RELX. Barclays restated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Finally, Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Relx Stock Up 1.8%

Shares of NYSE RELX opened at $43.12 on Friday. Relx Plc has a 12-month low of $39.31 and a 12-month high of $56.33. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The firm has a 50 day moving average of $41.06 and a 200 day moving average of $46.10.

Relx Company Profile

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.