Park Avenue Securities LLC Boosts Stock Holdings in Relx Plc (NYSE:RELX)

Park Avenue Securities LLC grew its position in shares of Relx Plc (NYSE:RELX) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,619 shares of the technology company’s stock after acquiring an additional 1,306 shares during the quarter. Park Avenue Securities LLC’s holdings in Relx were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of RELX. Frazier Financial Advisors LLC purchased a new position in Relx during the 4th quarter worth $35,000. Parkside Financial Bank & Trust boosted its holdings in shares of Relx by 81.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after buying an additional 407 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares during the last quarter. Timber Creek Capital Management LLC purchased a new position in shares of Relx in the 1st quarter worth about $43,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in shares of Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after buying an additional 468 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Relx in a report on Tuesday. They issued a “hold” rating on the stock.

Relx Stock Up 0.1 %

Relx stock traded up $0.05 during midday trading on Wednesday, reaching $44.15. The stock had a trading volume of 1,099,695 shares, compared to its average volume of 938,153. Relx Plc has a 12 month low of $31.38 and a 12 month high of $47.42. The firm’s 50-day moving average price is $45.51 and its 200 day moving average price is $43.69. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51.

Relx Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be paid a $0.234 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 2nd.

Relx 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.