Abacus FCF Advisors LLC Takes $2.33 Million Position in Relx Plc (NYSE:RELX)

Abacus FCF Advisors LLC purchased a new position in Relx Plc (NYSE:RELX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 51,242 shares of the technology company’s stock, valued at approximately $2,329,000.

Several other hedge funds have also added to or reduced their stakes in RELX. CENTRAL TRUST Co lifted its stake in shares of Relx by 1,290.2% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after buying an additional 529 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Relx in the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in Relx during the fourth quarter worth about $43,000. Brown Brothers Harriman & Co. grew its holdings in shares of Relx by 218.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after purchasing an additional 662 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Relx by 19.2% in the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of Relx stock opened at $45.47 on Tuesday. The stock’s fifty day moving average is $49.54 and its 200 day moving average is $47.90. Relx Plc has a one year low of $40.25 and a one year high of $51.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market cap of $84.39 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.73 and a beta of 0.84.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

RELX has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on Relx in a report on Wednesday, March 26th. They issued a “buy” rating on the stock. Redburn Atlantic initiated coverage on Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. Finally, StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Relx has an average rating of “Buy”.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.