Financial Management Professionals Inc. Buys 571 Shares of Relx Plc (NYSE:RELX)

Financial Management Professionals Inc. raised its stake in Relx Plc (NYSE:RELX) by 192.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 867 shares of the technology company’s stock after buying an additional 571 shares during the period. Financial Management Professionals Inc.’s holdings in Relx were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RELX. Kathmere Capital Management LLC boosted its position in shares of Relx by 22.3% during the 1st quarter. Kathmere Capital Management LLC now owns 39,604 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 7,230 shares in the last quarter. Capital Insight Partners LLC boosted its position in shares of Relx by 7.6% during the 1st quarter. Capital Insight Partners LLC now owns 87,593 shares of the technology company’s stock valued at $3,792,000 after purchasing an additional 6,183 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Relx by 90.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after purchasing an additional 468 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Relx by 22.4% during the 1st quarter. Ballentine Partners LLC now owns 18,304 shares of the technology company’s stock valued at $792,000 after purchasing an additional 3,353 shares in the last quarter. Finally, Marcum Wealth LLC bought a new stake in shares of Relx during the 1st quarter valued at about $202,000. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

RELX has been the topic of several research analyst reports. StockNews.com assumed coverage on Relx in a research report on Tuesday. They set a “hold” rating on the stock. Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Relx Price Performance

RELX stock opened at $45.89 on Friday. The stock’s 50 day simple moving average is $43.94 and its 200 day simple moving average is $42.49. Relx Plc has a fifty-two week low of $31.38 and a fifty-two week high of $46.29. 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 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.