Park Avenue Securities LLC Sells 22,752 Shares of Relx Plc $RELX

Park Avenue Securities LLC cut its stake in Relx Plc (NYSE:RELX) by 39.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,089 shares of the technology company’s stock after selling 22,752 shares during the quarter. Park Avenue Securities LLC’s holdings in Relx were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RELX. Dimensional Fund Advisors LP lifted its holdings in Relx by 7.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock worth $164,575,000 after purchasing an additional 252,390 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Relx by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock valued at $164,120,000 after buying an additional 46,515 shares in the last quarter. Northern Trust Corp increased its position in shares of Relx by 3.5% during the third quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock valued at $116,093,000 after buying an additional 81,195 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Relx by 0.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company’s stock valued at $85,227,000 after buying an additional 14,404 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Relx by 6.1% in the third quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock worth $80,884,000 after buying an additional 96,831 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Performance

Shares of RELX opened at $32.46 on Wednesday. Relx Plc has a 12-month low of $27.57 and a 12-month high of $56.33. 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 stock has a 50-day moving average price of $34.37 and a 200-day moving average price of $40.17.

Relx (NYSE:RELX) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.42). The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. Equities analysts expect that Relx Plc will post 1.68 earnings per share for the current year.

Relx Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RELX. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. 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 report on Monday, December 29th. Finally, Zacks Research cut shares of Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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.