Ativo Capital Management LLC Sells 1,293 Shares of Relx Plc $RELX

Ativo Capital Management LLC cut its holdings in shares of Relx Plc (NYSE:RELX) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,668 shares of the technology company’s stock after selling 1,293 shares during the period. Relx comprises approximately 2.1% of Ativo Capital Management LLC’s portfolio, making the stock its 8th largest position. Ativo Capital Management LLC’s holdings in Relx were worth $2,373,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after purchasing an additional 441 shares during the period. WPG Advisers LLC acquired a new position in Relx during the 1st quarter worth about $28,000. Golden State Wealth Management LLC lifted its stake in shares of Relx by 100.0% in the first 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 during the period. Cornerstone Planning Group LLC lifted its stake in shares of Relx by 325.2% in the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after acquiring an additional 530 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Relx in the second quarter worth approximately $64,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Up 0.7%

Relx stock opened at $45.15 on Tuesday. The firm’s fifty day moving average is $47.09 and its 200 day moving average is $50.78. Relx Plc has a 12-month low of $44.19 and a 12-month high of $56.33. The company has a market capitalization of $82.51 billion, a PE ratio of 24.27, a PEG ratio of 2.92 and a beta of 0.87. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

Relx Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Weiss Ratings restated a “buy (b)” rating on shares of Relx in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Barclays restated an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Finally, Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.