GAMMA Investing LLC Boosts Holdings in Relx Plc $RELX

GAMMA Investing LLC raised its position in shares of Relx Plc (NYSE:RELX) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,526 shares of the technology company’s stock after acquiring an additional 1,055 shares during the period. GAMMA Investing LLC’s holdings in Relx were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Relx by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Relx during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC raised its holdings in shares of Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after acquiring an additional 294 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Relx by 325.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after acquiring an additional 530 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Relx by 19.1% during the 2nd quarter. UMB Bank n.a. now owns 1,634 shares of the technology company’s stock worth $89,000 after acquiring an additional 262 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RELX shares. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, Relx currently has a consensus rating of “Buy”.

Relx Stock Performance

NYSE:RELX opened at $46.31 on Thursday. The stock’s fifty day moving average is $48.72 and its 200 day moving average is $51.02. Relx Plc has a fifty-two week low of $44.19 and a fifty-two week high of $56.33. The firm has a market capitalization of $84.86 billion, a PE ratio of 24.90, a PEG ratio of 3.03 and a beta of 0.87. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47.

Relx Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a $0.2634 dividend. This represents a yield of 170.0%. The ex-dividend date of this dividend was Friday, August 8th. Relx’s dividend payout ratio is 27.96%.

Relx 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.