Diversify Advisory Services LLC Cuts Stake in Relx Plc (NYSE:RELX)

Diversify Advisory Services LLC cut its holdings in Relx Plc (NYSE:RELX) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,542 shares of the technology company’s stock after selling 542 shares during the period. Diversify Advisory Services LLC’s holdings in Relx were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RELX. Benjamin F. Edwards & Company Inc. lifted its stake in Relx by 5.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,422 shares of the technology company’s stock worth $341,000 after purchasing an additional 403 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Relx by 3.0% in the second quarter. Profund Advisors LLC now owns 14,007 shares of the technology company’s stock worth $643,000 after buying an additional 407 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in Relx during the second quarter valued at approximately $470,000. Evergreen Capital Management LLC grew its holdings in Relx by 3.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 14,204 shares of the technology company’s stock valued at $652,000 after buying an additional 517 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Relx in the 2nd quarter worth approximately $312,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Up 2.8 %

NYSE:RELX opened at $49.53 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.63. The business has a 50 day simple moving average of $46.45 and a 200-day simple moving average of $46.61. Relx Plc has a 1 year low of $40.25 and a 1 year high of $49.57.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RELX shares. Redburn Atlantic initiated coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com initiated coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating for the company.

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.