Paradigm Asset Management Co. LLC Sells 22,100 Shares of Relx Plc $RELX

Paradigm Asset Management Co. LLC cut its holdings in Relx Plc (NYSE:RELX) by 27.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 59,500 shares of the technology company’s stock after selling 22,100 shares during the period. Relx makes up about 0.7% of Paradigm Asset Management Co. LLC’s portfolio, making the stock its 28th biggest holding. Paradigm Asset Management Co. LLC’s holdings in Relx were worth $2,842,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Relx by 17.1% during the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after buying an additional 9,287 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Relx by 51.4% in the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after acquiring an additional 93,610 shares during the period. Focus Partners Wealth lifted its position in shares of Relx by 5.1% during the first quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after buying an additional 522 shares during the last quarter. Acadian Asset Management LLC lifted its position in Relx by 60.2% during the first quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after acquiring an additional 5,374 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position 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 buying an additional 2,568 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Price Performance

Shares of Relx stock opened at $35.19 on Friday. The stock has a 50 day moving average of $36.27 and a 200 day moving average of $41.44. 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 $56.33.

Relx (NYSE:RELX) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.42). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $6.70 billion. As a group, sell-side analysts forecast that Relx Plc will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.6559 per share. This represents a yield of 422.0%. The ex-dividend date of this dividend is Friday, May 8th.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RELX. Morgan Stanley reissued an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Citigroup started coverage on shares of Relx in a report on Monday, January 12th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Finally, Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Relx

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.