Quantbot Technologies LP Raises Stock Holdings in Relx Plc $RELX

Quantbot Technologies LP raised its holdings in Relx Plc (NYSE:RELX) by 114.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,577 shares of the technology company’s stock after purchasing an additional 23,792 shares during the period. Quantbot Technologies LP’s holdings in Relx were worth $2,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its position in shares of Relx by 622.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after buying an additional 1,163,189 shares in the last quarter. Optiver Holding B.V. purchased a new stake in Relx in the 3rd quarter worth $20,570,000. ABC Arbitrage SA raised its position in Relx by 188.9% during the second quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company’s stock worth $30,482,000 after acquiring an additional 366,761 shares during the period. Ameriprise Financial Inc. lifted its holdings in Relx by 10.0% during the second quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock valued at $181,569,000 after purchasing an additional 303,002 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new position in Relx during the second quarter valued at $11,649,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RELX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Citigroup started coverage on Relx in a research note on Monday, January 12th. They set a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Relx Price Performance

NYSE:RELX opened at $34.93 on Wednesday. Relx Plc has a twelve month low of $27.57 and a twelve month high of $56.33. The company’s 50-day moving average price is $36.53 and its 200-day moving average price is $41.54. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44.

Relx (NYSE:RELX) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.42). The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. On average, research analysts expect that Relx Plc will post 1.68 earnings per share for the current year.

Relx Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be issued a $0.6559 dividend. This represents a dividend yield of 422.0%. The ex-dividend date of this dividend is Friday, May 8th.

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.