Diversify Advisory Services LLC Trims Stake in Relx Plc (NYSE:RELX)

Diversify Advisory Services LLC lessened its holdings in shares of Relx Plc (NYSE:RELX) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,542 shares of the technology company’s stock after selling 542 shares during the quarter. Diversify Advisory Services LLC’s holdings in Relx were worth $535,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RELX. Diversify Wealth Management LLC lifted its stake in shares of Relx by 18.1% during the 4th quarter. Diversify Wealth Management LLC now owns 42,823 shares of the technology company’s stock worth $1,986,000 after acquiring an additional 6,555 shares during the last quarter. Hall Laurie J Trustee increased its stake in Relx by 43.5% in the fourth quarter. Hall Laurie J Trustee now owns 68,740 shares of the technology company’s stock worth $3,122,000 after purchasing an additional 20,845 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of Relx by 9.7% during the fourth quarter. Aaron Wealth Advisors LLC now owns 16,919 shares of the technology company’s stock worth $768,000 after purchasing an additional 1,503 shares during the last quarter. Baker Chad R boosted its stake in shares of Relx by 98.1% during the fourth quarter. Baker Chad R now owns 112,450 shares of the technology company’s stock valued at $5,107,000 after purchasing an additional 55,675 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of Relx in the fourth quarter worth about $301,000. Institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

RELX opened at $49.53 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.48 and a quick ratio of 0.42. The business’s fifty day simple moving average is $46.45 and its 200-day simple moving average is $46.61. Relx Plc has a 12-month low of $40.25 and a 12-month high of $49.57.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com started coverage on shares of Relx in a research report on Wednesday, October 30th. They issued a “hold” rating for the company. Redburn Atlantic assumed coverage on Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.