Gallacher Capital Management LLC Has $482,000 Stake in Relx Plc (NYSE:RELX)

Gallacher Capital Management LLC trimmed its holdings in shares of Relx Plc (NYSE:RELX) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,160 shares of the technology company’s stock after selling 626 shares during the period. Gallacher Capital Management LLC’s holdings in Relx were worth $482,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Relx in the 4th quarter valued at about $16,120,000. Envestnet Asset Management Inc. grew its holdings in Relx by 27.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,781,022 shares of the technology company’s stock valued at $60,020,000 after purchasing an additional 384,504 shares during the period. FMR LLC grew its holdings in Relx by 9.0% during the third quarter. FMR LLC now owns 2,349,521 shares of the technology company’s stock valued at $79,179,000 after purchasing an additional 194,937 shares during the period. Invesco Ltd. increased its stake in Relx by 11.2% in the third quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock valued at $44,011,000 after purchasing an additional 131,711 shares in the last quarter. Finally, Beck Bode LLC acquired a new stake in Relx in the fourth quarter worth $3,330,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of Relx stock traded up $0.95 on Friday, hitting $42.16. The company had a trading volume of 974,422 shares, compared to its average volume of 1,206,970. The stock has a 50-day moving average of $42.62 and a 200-day moving average of $40.36. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. Relx Plc has a twelve month low of $30.10 and a twelve month high of $44.75.

Relx Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Berenberg Bank cut Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

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.