Summerhill Capital Management lnc. Makes New $1.88 Million Investment in Relx Plc $RELX

Summerhill Capital Management lnc. acquired a new stake in shares of Relx Plc (NYSE:RELX) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 56,707 shares of the technology company’s stock, valued at approximately $1,880,000. Relx makes up about 1.6% of Summerhill Capital Management lnc.’s holdings, making the stock its 18th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Relx by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after acquiring an additional 9,287 shares in the last quarter. Millennium Management LLC grew its position in Relx by 51.4% during the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock worth $13,891,000 after purchasing an additional 93,610 shares in the last quarter. Focus Partners Wealth grew its position in Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after purchasing an additional 522 shares in the last quarter. Acadian Asset Management LLC raised its stake in Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after purchasing an additional 5,374 shares during the period. Finally, Sivia Capital Partners LLC raised its stake in Relx by 57.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock valued at $381,000 after purchasing an additional 2,568 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Up 1.5%

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on RELX shares. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings lowered Relx from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 15th. Zacks Research downgraded Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Finally, Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Relx Company 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.