Versant Capital Management Inc Makes New $31,000 Investment in Relx Plc (NYSE:RELX)

Versant Capital Management Inc bought a new stake in Relx Plc (NYSE:RELX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 686 shares of the technology company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in Relx by 0.9% in the third quarter. Venturi Wealth Management LLC now owns 24,164 shares of the technology company’s stock valued at $1,147,000 after purchasing an additional 214 shares in the last quarter. Ballentine Partners LLC increased its position in shares of 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 during the last quarter. Marshall Financial Group LLC raised its stake in shares of Relx by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 30,515 shares of the technology company’s stock worth $1,448,000 after purchasing an additional 246 shares in the last quarter. Procyon Advisors LLC raised its position in Relx by 4.1% during the third quarter. Procyon Advisors LLC now owns 6,734 shares of the technology company’s stock worth $320,000 after acquiring an additional 265 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings 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 valued at $250,000 after purchasing an additional 266 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup raised Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com began coverage on Relx in a research note on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Stock Performance

Shares of RELX stock opened at $46.04 on Wednesday. Relx Plc has a fifty-two week low of $39.43 and a fifty-two week high of $48.91. The stock’s fifty day moving average price is $46.51 and its two-hundred day moving average price is $46.53. The company has a market cap of $85.70 billion, a PE ratio of 27.24, a P/E/G ratio of 3.53 and a beta of 0.89.

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.