Maridea Wealth Management LLC Acquires 18,373 Shares of Relx Plc $RELX

Maridea Wealth Management LLC lifted its holdings in shares of Relx Plc (NYSE:RELX) by 129.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,613 shares of the technology company’s stock after purchasing an additional 18,373 shares during the quarter. Maridea Wealth Management LLC’s holdings in Relx were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. bought a new stake in Relx during the first quarter worth approximately $93,000. SmartHarvest Portfolios LLC bought a new position in Relx during the first quarter valued at about $260,000. Aaron Wealth Advisors LLC raised its stake in shares of Relx by 86.0% in the first quarter. Aaron Wealth Advisors LLC now owns 34,815 shares of the technology company’s stock valued at $1,154,000 after purchasing an additional 16,102 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Relx by 12.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 12,411 shares of the technology company’s stock valued at $411,000 after buying an additional 1,339 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Relx by 420.4% during the 1st quarter. Blue Trust Inc. now owns 12,937 shares of the technology company’s stock worth $429,000 after acquiring an additional 10,451 shares during the period. Institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Relx Stock Up 1.5%

NYSE:RELX opened at $31.38 on Friday. Relx Plc has a 12 month low of $27.57 and a 12 month high of $54.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The company’s 50-day moving average price is $33.81 and its two-hundred day moving average price is $35.33.

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.