Goldman Sachs Group Inc. Boosts Stock Holdings in Relx Plc (NYSE:RELX)

Goldman Sachs Group Inc. lifted its stake in shares of Relx Plc (NYSE:RELX) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,349,527 shares of the technology company’s stock after acquiring an additional 399,101 shares during the quarter. Goldman Sachs Group Inc. owned 0.18% of Relx worth $132,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of RELX. Syon Capital LLC grew its stake in shares of Relx by 58.9% during the fourth quarter. Syon Capital LLC now owns 10,223 shares of the technology company’s stock worth $405,000 after purchasing an additional 3,790 shares in the last quarter. Clear Street Markets LLC grew its stake in shares of Relx by 149.9% during the fourth quarter. Clear Street Markets LLC now owns 24,085 shares of the technology company’s stock worth $955,000 after purchasing an additional 14,446 shares in the last quarter. Ethic Inc. grew its stake in shares of Relx by 11.2% during the fourth quarter. Ethic Inc. now owns 186,413 shares of the technology company’s stock worth $7,393,000 after purchasing an additional 18,824 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Relx during the fourth quarter worth $620,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Relx during the fourth quarter worth $800,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of RELX traded down $0.43 during mid-day trading on Friday, hitting $45.22. 693,392 shares of the company’s stock were exchanged, compared to its average volume of 626,803. Relx Plc has a fifty-two week low of $31.38 and a fifty-two week high of $45.92. The business’s 50 day moving average is $43.11 and its two-hundred day moving average is $42.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RELX. Berenberg Bank downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th.

Relx Company 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.