Demars Financial Group LLC Makes New Investment in Relx Plc $RELX

Demars Financial Group LLC bought a new stake in Relx Plc (NYSE:RELX) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,650 shares of the technology company’s stock, valued at approximately $552,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in Relx by 6.1% during the 3rd quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock worth $80,884,000 after acquiring an additional 96,831 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Relx by 72.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 679,541 shares of the technology company’s stock valued at $32,455,000 after purchasing an additional 286,005 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Relx by 21.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 217,443 shares of the technology company’s stock valued at $8,789,000 after purchasing an additional 38,086 shares in the last quarter. M&T Bank Corp raised its stake in shares of Relx by 448.5% during the fourth quarter. M&T Bank Corp now owns 199,046 shares of the technology company’s stock valued at $8,045,000 after purchasing an additional 162,755 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Relx by 18.0% in the third quarter. JPMorgan Chase & Co. now owns 1,007,921 shares of the technology company’s stock worth $48,138,000 after purchasing an additional 153,821 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Performance

Shares of Relx stock opened at $32.07 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The business has a fifty day simple moving average of $33.08 and a 200-day simple moving average of $34.82. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $54.30.

Analysts Set New Price Targets

RELX has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. 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 company’s stock. Based on data from MarketBeat.com, Relx has an average rating of “Moderate Buy”.

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.