Blue Barn Wealth LLC Makes New Investment in Relx Plc (NYSE:RELX)

Blue Barn Wealth LLC bought a new position in shares of Relx Plc (NYSE:RELX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,704 shares of the technology company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RELX. O Shaughnessy Asset Management LLC raised its holdings in shares of 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 acquiring an additional 36,810 shares during the period. Norden Group LLC purchased a new position in shares of Relx during the 1st quarter worth $4,398,000. Atria Investments Inc raised its holdings in shares of Relx by 27.6% during the 1st quarter. Atria Investments Inc now owns 81,038 shares of the technology company’s stock worth $3,508,000 after acquiring an additional 17,508 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Relx by 59.4% during the 1st quarter. Park Avenue Securities LLC now owns 45,313 shares of the technology company’s stock worth $1,962,000 after acquiring an additional 16,879 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Relx by 185.6% in the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock valued at $28,977,000 after buying an additional 434,963 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Relx Stock Up 2.0 %

Shares of RELX opened at $46.81 on Friday. Relx Plc has a 12-month low of $33.13 and a 12-month high of $47.42. The company’s 50-day moving average price is $45.87 and its 200 day moving average price is $44.30. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52.

Relx Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be issued a $0.234 dividend. The ex-dividend date is Friday, August 2nd. This represents a yield of 1.6%.

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.