Relx PLC (NYSE:RELX) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.27 and last traded at $20.29, with a volume of 6975 shares. The stock had previously closed at $20.35.

Separately, Zacks Investment Research downgraded Relx from a “hold” rating to a “sell” rating in a research note on Saturday, May 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Relx currently has a consensus rating of “Hold” and an average target price of $23.00.

The stock has a market cap of $21.83 billion, a PE ratio of 20.03, a PEG ratio of 1.98 and a beta of 0.55. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 2.39.

The firm also recently declared a dividend, which was paid on Wednesday, August 29th. Stockholders of record on Friday, August 3rd were given a dividend of $0.163 per share. The ex-dividend date was Thursday, August 2nd. This is an increase from Relx’s previous dividend of $0.14. Relx’s dividend payout ratio (DPR) is 31.07%.

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Relx by 1,445.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 229,942 shares of the technology company’s stock valued at $4,999,000 after acquiring an additional 215,068 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Relx by 71.7% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 27,543 shares of the technology company’s stock valued at $575,000 after acquiring an additional 11,505 shares during the last quarter. Signaturefd LLC bought a new stake in shares of Relx during the 1st quarter valued at about $136,000. Eagle Ridge Investment Management boosted its position in shares of Relx by 2.3% during the 2nd quarter. Eagle Ridge Investment Management now owns 234,337 shares of the technology company’s stock valued at $5,094,000 after acquiring an additional 5,287 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Relx by 97.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,086,413 shares of the technology company’s stock valued at $23,618,000 after acquiring an additional 535,622 shares during the last quarter. Hedge funds and other institutional investors own 2.94% of the company’s stock.

About Relx (NYSE:RELX)

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

Further Reading: Understanding Average Daily Trade Volume

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