Eagle Ridge Investment Management Reduces Stock Holdings in Relx Plc (NYSE:RELX)

Eagle Ridge Investment Management lessened its position in shares of Relx Plc (NYSE:RELX) by 0.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310,970 shares of the technology company’s stock after selling 1,017 shares during the quarter. Eagle Ridge Investment Management’s holdings in Relx were worth $13,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Optiver Holding B.V. acquired a new stake in shares of Relx during the fourth quarter valued at $21,983,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Relx during the 4th quarter worth about $16,120,000. Goldman Sachs Group Inc. grew its holdings in shares of Relx by 13.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after buying an additional 399,101 shares in the last quarter. Norges Bank purchased a new stake in shares of Relx during the fourth quarter worth about $12,255,000. Finally, Blue Zone Wealth Advisors LLC acquired a new position in shares of Relx in the first quarter valued at approximately $4,401,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Trading Up 0.6 %

Shares of RELX traded up $0.29 during mid-day trading on Tuesday, reaching $45.50. The company had a trading volume of 403,166 shares, compared to its average volume of 965,164. The stock has a market cap of $85.18 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $43.94 and a 200-day simple moving average of $42.53. Relx Plc has a fifty-two week low of $31.38 and a fifty-two week high of $46.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Relx in a report on Tuesday, June 25th. They issued a “hold” rating for the company.

About Relx

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.