Legacy Financial Advisors Inc. Cuts Position in Relx Plc (NYSE:RELX)

Legacy Financial Advisors Inc. reduced its position in shares of Relx Plc (NYSE:RELX) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,245 shares of the technology company’s stock after selling 221 shares during the period. Legacy Financial Advisors Inc.’s holdings in Relx were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in Relx by 12.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 342,665 shares of the technology company’s stock worth $14,834,000 after buying an additional 36,810 shares in the last quarter. Norden Group LLC purchased a new position in shares of Relx in the 1st quarter valued at about $4,398,000. Atria Investments Inc grew its position in shares of Relx by 27.6% during the first quarter. Atria Investments Inc now owns 81,038 shares of the technology company’s stock worth $3,508,000 after buying an additional 17,508 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Relx by 59.4% during the first quarter. Park Avenue Securities LLC now owns 45,313 shares of the technology company’s stock worth $1,962,000 after buying an additional 16,879 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Relx by 185.6% in the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock valued at $28,977,000 after acquiring an additional 434,963 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Price Performance

Shares of NYSE RELX opened at $47.99 on Friday. The business has a 50-day moving average price of $46.23 and a 200 day moving average price of $44.59. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 52-week low of $33.13 and a 52-week high of $48.24.

Relx Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were given a $0.234 dividend. The ex-dividend date was Friday, August 2nd. This represents a yield of 1.6%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

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.