Relx Plc (NYSE:RELX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in Relx Plc (NYSE:RELX) by 50.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,554 shares of the technology company’s stock after selling 15,776 shares during the period. Quantbot Technologies LP’s holdings in Relx were worth $706,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its holdings in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Relx during the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new stake in Relx in the 4th quarter valued at approximately $43,000. Private Trust Co. NA grew its holdings in Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after buying an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Relx during the fourth quarter worth $74,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Stock Performance

Relx stock opened at $49.93 on Thursday. The stock has a fifty day moving average price of $49.40 and a 200 day moving average price of $47.78. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The firm has a market capitalization of $92.66 billion, a P/E ratio of 26.84, a PEG ratio of 2.73 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. This is an increase from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Redburn Atlantic assumed coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.