Carnegie Investment Counsel Sells 346,620 Shares of Relx Plc $RELX

Carnegie Investment Counsel trimmed its holdings in shares of Relx Plc (NYSE:RELX) by 92.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,724 shares of the technology company’s stock after selling 346,620 shares during the quarter. Carnegie Investment Counsel’s holdings in Relx were worth $952,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Relx during the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its stake in Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after acquiring an additional 695 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Relx by 1,823.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Trading Up 3.1%

NYSE RELX opened at $33.43 on Tuesday. The stock has a 50-day simple moving average of $32.87 and a two-hundred day simple moving average of $34.65. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $54.03.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. The Goldman Sachs Group assumed coverage on Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley lowered shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.