Relx (NYSE:RELX) Hits New 1-Year Low – Here’s What Happened

Relx Plc (NYSE:RELX) hit a new 52-week low during trading on Tuesday . The stock traded as low as $35.42 and last traded at $35.5360, with a volume of 2399444 shares traded. The stock had previously closed at $35.80.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RELX shares. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Monday. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup initiated coverage on Relx in a report on Monday, January 12th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Relx Stock Down 2.5%

The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The stock has a fifty day moving average price of $39.99 and a 200-day moving average price of $44.18.

Institutional Investors Weigh In On Relx

Institutional investors and hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its position in Relx by 622.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock worth $73,369,000 after acquiring an additional 1,163,189 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Relx in the third quarter valued at $39,737,000. Optiver Holding B.V. bought a new position in shares of Relx in the third quarter valued at about $20,570,000. ABC Arbitrage SA lifted its position in Relx by 188.9% during the 2nd quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company’s stock worth $30,482,000 after buying an additional 366,761 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Relx by 10.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock worth $181,569,000 after acquiring an additional 303,002 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.