Abel Hall LLC Lowers Position in Relx Plc $RELX

Abel Hall LLC decreased its position in Relx Plc (NYSE:RELX) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,995 shares of the technology company’s stock after selling 399 shares during the period. Abel Hall LLC’s holdings in Relx were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Relx in the first quarter valued at about $28,000. Golden State Wealth Management LLC boosted its holdings in Relx by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after buying an additional 294 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Relx by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after buying an additional 530 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Relx during the second quarter worth about $64,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of RELX opened at $45.84 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The stock has a market cap of $84.01 billion, a P/E ratio of 24.65, a PEG ratio of 2.96 and a beta of 0.87. The company has a 50-day moving average of $47.49 and a two-hundred day moving average of $50.87. Relx Plc has a 12-month low of $44.19 and a 12-month high of $56.33.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a dividend of $0.2634 per share. The ex-dividend date was Friday, August 8th. This represents a yield of 170.0%. Relx’s payout ratio is presently 28.49%.

Analyst Ratings Changes

A number of analysts recently commented on RELX shares. Morgan Stanley reissued an “overweight” rating on shares of Relx in a report on Thursday, September 11th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Barclays reissued an “overweight” rating on shares of Relx in a report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Relx in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

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.