Maridea Wealth Management LLC Has $1.08 Million Position in Relx Plc $RELX

Maridea Wealth Management LLC lifted its holdings in shares of Relx Plc (NYSE:RELX) by 129.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,613 shares of the technology company’s stock after purchasing an additional 18,373 shares during the period. Maridea Wealth Management LLC’s holdings in Relx were worth $1,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RELX. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx during the 4th quarter worth about $26,000. Cornerstone Planning Group LLC grew its holdings in Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after acquiring an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after acquiring an additional 760 shares in the last quarter. Manchester Capital Management LLC increased its position in Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Palladiem LLC bought a new position in shares of Relx in the fourth quarter worth about $44,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group started coverage on shares of Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Weiss Ratings downgraded Relx from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 15th. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Relx Price Performance

Relx stock opened at $31.38 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. Relx Plc has a 1 year low of $27.57 and a 1 year high of $54.37. The company’s 50-day moving average is $33.81 and its two-hundred day moving average is $35.33.

Relx Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.