Journey Strategic Wealth LLC Increases Stake in Relx Plc (NYSE:RELX)

Journey Strategic Wealth LLC increased its holdings in Relx Plc (NYSE:RELX) by 54.7% in the fourth quarter, Holdings Channel reports. The fund owned 8,814 shares of the technology company’s stock after purchasing an additional 3,117 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Relx were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RELX. Marshall Wace LLP bought a new stake in shares of Relx in the 2nd quarter valued at about $312,000. AQR Capital Management LLC bought a new position in Relx in the second quarter worth approximately $433,000. NewEdge Advisors LLC raised its stake in Relx by 143.5% in the second quarter. NewEdge Advisors LLC now owns 30,223 shares of the technology company’s stock worth $1,387,000 after buying an additional 17,809 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Relx by 0.6% during the second quarter. Cetera Investment Advisers now owns 61,005 shares of the technology company’s stock worth $2,799,000 after buying an additional 339 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Relx during the 2nd quarter valued at $5,016,000. 15.02% of the stock is currently owned by institutional investors.

Relx Price Performance

Shares of RELX opened at $49.87 on Monday. The company has a 50 day moving average of $47.13 and a two-hundred day moving average of $46.81. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.42 and a current ratio of 0.48. Relx Plc has a twelve month low of $40.25 and a twelve month high of $50.55.

Analyst Upgrades and Downgrades

RELX has been the subject of several recent research reports. Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com assumed coverage on shares of Relx in a report on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.