Sequoia Financial Advisors LLC Buys 29,301 Shares of Relx Plc $RELX

Sequoia Financial Advisors LLC lifted its stake in Relx Plc (NYSE:RELX) by 137.2% in the 1st quarter, HoldingsChannel reports. The fund owned 50,662 shares of the technology company’s stock after purchasing an additional 29,301 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Relx were worth $1,679,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in Relx by 6.1% in the third quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock valued at $80,884,000 after purchasing an additional 96,831 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Relx by 21.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 217,443 shares of the technology company’s stock valued at $8,789,000 after buying an additional 38,086 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Relx by 448.5% in the 4th quarter. M&T Bank Corp now owns 199,046 shares of the technology company’s stock valued at $8,045,000 after buying an additional 162,755 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Relx in the 3rd quarter worth approximately $1,441,000. Finally, JPMorgan Chase & Co. grew its position in shares of Relx by 18.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,007,921 shares of the technology company’s stock worth $48,138,000 after buying an additional 153,821 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on RELX. The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Morgan Stanley downgraded Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Relx Trading Up 2.7%

Shares of Relx stock opened at $33.52 on Thursday. The firm’s 50 day simple moving average is $32.75 and its two-hundred day simple moving average is $34.54. Relx Plc has a 12-month low of $27.57 and a 12-month high of $54.02. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49.

Relx 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.