StockNews.com Lowers Relx (NYSE:RELX) to Hold

StockNews.com cut shares of Relx (NYSE:RELX) from a buy rating to a hold rating in a research note released on Tuesday morning.

Separately, Berenberg Bank downgraded shares of Relx from a buy rating to a hold rating in a report on Friday, March 1st.

Relx Trading Down 0.0 %

NYSE:RELX opened at $41.44 on Tuesday. The stock’s 50 day moving average price is $42.91 and its 200 day moving average price is $39.78. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx has a 52 week low of $30.10 and a 52 week high of $44.75.

Relx Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.526 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Relx’s previous Semi-Annual dividend of $0.22.

Hedge Funds Weigh In On Relx

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its holdings in Relx by 9.4% during the fourth quarter. Lindbrook Capital LLC now owns 3,194 shares of the technology company’s stock valued at $127,000 after purchasing an additional 274 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Relx by 6.7% in the fourth quarter. Addison Advisors LLC now owns 4,438 shares of the technology company’s stock valued at $176,000 after acquiring an additional 277 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Relx by 2.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock valued at $583,000 after acquiring an additional 287 shares during the period. Gradient Investments LLC boosted its position in shares of Relx by 2.3% in the third quarter. Gradient Investments LLC now owns 14,327 shares of the technology company’s stock valued at $483,000 after acquiring an additional 316 shares during the period. Finally, Wealth Alliance boosted its position in shares of Relx by 3.8% in the third quarter. Wealth Alliance now owns 8,777 shares of the technology company’s stock valued at $296,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.