Relx Plc $RELX Stake Increased by Causeway Capital Management LLC

Causeway Capital Management LLC increased its holdings in shares of Relx Plc (NYSE:RELX) by 49.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 723,161 shares of the technology company’s stock after buying an additional 240,316 shares during the quarter. Causeway Capital Management LLC’s holdings in Relx were worth $34,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Relx by 16.1% during the 3rd quarter. Bank of Montreal Can now owns 708,529 shares of the technology company’s stock valued at $33,839,000 after buying an additional 98,117 shares during the last quarter. NerdWallet Wealth Partners LLC acquired a new position in Relx in the third quarter worth approximately $318,000. Natixis Advisors LLC raised its position in Relx by 0.5% during the third quarter. Natixis Advisors LLC now owns 1,098,934 shares of the technology company’s stock valued at $52,485,000 after acquiring an additional 5,593 shares in the last quarter. First Trust Advisors LP raised its position in Relx by 74.3% during the third quarter. First Trust Advisors LP now owns 108,051 shares of the technology company’s stock valued at $5,161,000 after acquiring an additional 46,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Relx by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock valued at $164,575,000 after acquiring an additional 252,390 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on RELX shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Citigroup started coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Relx Stock Performance

NYSE RELX opened at $35.63 on Tuesday. Relx Plc has a 1-year low of $27.57 and a 1-year high of $56.33. The company has a 50 day moving average of $36.05 and a 200-day moving average of $41.17. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38.

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

Relx Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.6559 per share. This represents a dividend yield of 422.0%. The ex-dividend date 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.