Landscape Capital Management L.L.C. cut its position in shares of Relx PLC (NYSE:RELX) by 11.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,192 shares of the technology company’s stock after selling 7,322 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Relx were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RELX. Geode Capital Management LLC raised its stake in shares of Relx by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 68,587 shares of the technology company’s stock valued at $1,407,000 after buying an additional 3,605 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Relx by 13.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 982,576 shares of the technology company’s stock worth $20,162,000 after purchasing an additional 117,900 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Relx by 9,016.3% in the 4th quarter. Deutsche Bank AG now owns 12,307 shares of the technology company’s stock worth $252,000 after purchasing an additional 12,172 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of Relx in the 1st quarter worth about $30,000. Finally, Henry James International Management Inc. grew its holdings in shares of Relx by 9.6% in the 1st quarter. Henry James International Management Inc. now owns 131,372 shares of the technology company’s stock worth $2,818,000 after purchasing an additional 11,500 shares during the last quarter. Institutional investors own 5.21% of the company’s stock.
Shares of RELX traded up $0.22 during trading hours on Friday, hitting $23.51. The stock had a trading volume of 226,200 shares, compared to its average volume of 447,769. The company’s fifty day moving average is $24.10 and its two-hundred day moving average is $22.99. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.45 and a quick ratio of 0.40. Relx PLC has a 52 week low of $19.23 and a 52 week high of $24.99. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 3.04 and a beta of 0.47.
The company also recently announced a dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 2nd will be issued a $0.17 dividend. This is a positive change from Relx’s previous dividend of $0.16. The ex-dividend date is Thursday, August 1st. Relx’s dividend payout ratio is presently 30.09%.
Separately, Zacks Investment Research raised shares of Relx from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, July 31st.
Relx Company Profile
RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.
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