Relx (NYSE:RELX) Reaches New 12-Month High – Time to Buy?

Relx Plc (NYSE:RELX)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $49.58 and last traded at $49.47, with a volume of 682654 shares changing hands. The stock had previously closed at $49.12.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com assumed coverage on shares of Relx in a report on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Price Performance

The business has a 50 day moving average price of $46.81 and a two-hundred day moving average price of $46.72. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in shares of Relx by 0.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 24,164 shares of the technology company’s stock worth $1,147,000 after buying an additional 214 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Relx by 1.4% in the third quarter. Ballentine Partners LLC now owns 17,306 shares of the technology company’s stock valued at $821,000 after acquiring an additional 240 shares in the last quarter. Marshall Financial Group LLC increased its position in Relx by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 30,515 shares of the technology company’s stock valued at $1,448,000 after purchasing an additional 246 shares during the period. Procyon Advisors LLC raised its holdings in Relx by 4.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,734 shares of the technology company’s stock worth $320,000 after purchasing an additional 265 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in shares of Relx by 5.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,270 shares of the technology company’s stock worth $250,000 after purchasing an additional 266 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

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.