Relx Plc (NYSE:RELX) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lessened its holdings in Relx Plc (NYSE:RELX) by 16.2% during the second quarter, HoldingsChannel.com reports. The fund owned 5,402 shares of the technology company’s stock after selling 1,044 shares during the quarter. Wrapmanager Inc.’s holdings in Relx were worth $248,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Relx by 12.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 342,665 shares of the technology company’s stock valued at $14,834,000 after buying an additional 36,810 shares during the period. Norden Group LLC purchased a new stake in shares of Relx during the first quarter valued at approximately $4,398,000. Atria Investments Inc lifted its position in shares of Relx by 27.6% during the first quarter. Atria Investments Inc now owns 81,038 shares of the technology company’s stock worth $3,508,000 after purchasing an additional 17,508 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Relx by 59.4% in the first quarter. Park Avenue Securities LLC now owns 45,313 shares of the technology company’s stock valued at $1,962,000 after purchasing an additional 16,879 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Relx by 185.6% during the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock valued at $28,977,000 after purchasing an additional 434,963 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Relx Price Performance

RELX stock opened at $47.71 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The stock’s 50 day moving average is $46.05 and its two-hundred day moving average is $44.44. Relx Plc has a 52-week low of $33.13 and a 52-week high of $48.01.

Relx Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were issued a $0.234 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a yield of 1.6%.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.