Simplicity Solutions LLC Makes New $318,000 Investment in Relx Plc (NYSE:RELX)
Simplicity Solutions LLC recently made a purchase in Relx Plc (NYSE:RELX - Free Report) in the first quarter, as stated in the latest Form 13F filing with the SEC. The company acquired 9,812 shares of the tech firm's stocks, which were estimated to be worth around $318,000.
Several other large investors have also purchased and sold shares of the company RELX. Bank of America Corp DE increased its ownership in RELX shares by 1.2% during the last quarter. Bank of America Corp DE now possesses 6,279,226 shares of RELX, which are valued at $174,060,000, after purchasing an additional 75,685 shares. In the same period, Morgan Stanley increased its stake in RELX by 6.6%, owning a total of 4,581,965 shares valued at $127,012,000 after acquiring an additional 283,667 shares. Goldman Sachs Group Inc. also raised its ownership in RELX shares by 3.8% during the second quarter. Currently, they own 2,480,053 shares of RELX valued at $66,812,000, after acquiring an additional 91,295 shares. Clearbridge Investments LLC saw a substantial increase in its stake in RELX, with a 53.2% rise in the fourth quarter. They now own 2,359,923 shares valued at $65,417,000, after acquiring an additional 819,697 shares. Finally, Dimensional Fund Advisors LP also increased their stake in RELX shares by 6.8% in the fourth quarter. They currently own 2,302,895 shares valued at $63,836,000 after acquiring an additional 147,177 shares. Hedge funds and other institutional investors now hold approximately 3.45% of the company's stock.
Relx Trading Rises By 1%
Relx stock started trading at $33.48 when the market opened on Friday. The company's overall value, or market capitalization, is $63.44 billion. Its PE ratio, which measures the stock's price relative to its earnings, is 21.88. The price-to-earnings-growth ratio, which indicates how much investors are willing to pay for future earnings growth, is 2.32. The stock's beta, which measures its volatility compared to the overall market, is 0.83. In terms of financial health, the firm has a current ratio of 0.59, meaning it has limited assets to cover its current liabilities. Its quick ratio, which measures its ability to pay off immediate obligations, is 0.53. The debt-to-equity ratio, which indicates the company's financial leverage, is 1.56. When looking at its stock performance, the 50-day moving average is $32.25, while the 200-day moving average is $31.29. Relx Plc's lowest stock price in the past year was $23.39, while its highest price was $34.07.
Wall Street Analyst's Perspective
Several research firms have recently provided their assessment of RELX. JPMorgan Chase & Co. lowered their estimated value of Relx shares from GBX 3,100 ($40.53) to GBX 3,040 ($39.75) in a research report on Wednesday, June 28th. Barclays, on the other hand, increased their estimated value of Relx shares from GBX 2,585 ($33.80) to GBX 2,700 ($35.30) in a research report on Monday, July 3rd. Lastly, StockNews.com initiated coverage of Relx shares on Thursday, May 18th, with a "hold" rating for the company.
RELX PLC, along with its affiliated companies, offers information-driven analytics and tools for decision-making to its professional and business clients worldwide. It operates in four divisions: Risk, Scientific, Technical & Medical, Legal, and Exhibitions. The Risk division provides advanced analytics and decision-making tools that leverage both public and industry-specific data, technology, and algorithms to help clients assess and foresee potential risks.
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