Forum Financial Management LP Boosts Stock Position in Relx Plc $RELX

Forum Financial Management LP raised its position in shares of Relx Plc (NYSE:RELX) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,200 shares of the technology company’s stock after purchasing an additional 844 shares during the quarter. Forum Financial Management LP’s holdings in Relx were worth $500,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in Relx by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. WPG Advisers LLC purchased a new stake in Relx during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after purchasing an additional 294 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Relx during the 2nd quarter valued at about $37,000. Finally, Cornerstone Planning Group LLC grew its stake in Relx by 325.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock valued at $37,000 after purchasing an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

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

Relx Stock Performance

NYSE RELX opened at $46.64 on Friday. The stock has a market capitalization of $85.22 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.02 and a beta of 0.87. Relx Plc has a twelve month low of $44.19 and a twelve month high of $56.33. 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 50-day moving average of $46.62 and a 200 day moving average of $50.56.

About Relx

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.