Relx (NYSE:RELX) Sets New 12-Month Low – Time to Sell?

Relx Plc (NYSE:RELX)’s share price reached a new 52-week low on Wednesday . The company traded as low as $37.62 and last traded at $38.3470, with a volume of 3944487 shares trading hands. The stock had previously closed at $39.51.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup started coverage on Relx in a research note on Monday, January 12th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Relx Trading Down 2.9%

The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The company has a fifty day moving average price of $40.71 and a two-hundred day moving average price of $44.93.

Hedge Funds Weigh In On Relx

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after acquiring an additional 9,287 shares during the last quarter. Millennium Management LLC boosted its position in shares of Relx by 51.4% in the first quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after acquiring an additional 93,610 shares during the period. Focus Partners Wealth grew its stake in Relx by 5.1% in the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after buying an additional 522 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Relx by 60.2% in the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after purchasing an additional 5,374 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Relx by 57.9% in the second quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock worth $381,000 after purchasing an additional 2,568 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

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.