Relx Plc (NYSE:RELX) Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC trimmed its position in shares of Relx Plc (NYSE:RELXGet Rating) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,455 shares of the technology company’s stock after selling 71,552 shares during the period. Causeway Capital Management LLC’s holdings in Relx were worth $12,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RELX. FMR LLC lifted its position in shares of Relx by 10.9% during the first quarter. FMR LLC now owns 5,058 shares of the technology company’s stock worth $108,000 after purchasing an additional 498 shares in the last quarter. First Trust Advisors LP acquired a new stake in Relx during the 1st quarter worth approximately $241,000. OLD Mission Capital LLC purchased a new position in Relx in the 3rd quarter valued at approximately $1,754,000. Citadel Advisors LLC purchased a new position in Relx in the 2nd quarter valued at approximately $476,000. Finally, Morgan Stanley grew its stake in shares of Relx by 14.7% in the second quarter. Morgan Stanley now owns 718,915 shares of the technology company’s stock worth $19,174,000 after acquiring an additional 92,046 shares in the last quarter. Institutional investors and hedge funds own 13.56% of the company’s stock.

A number of research firms recently issued reports on RELX. StockNews.com initiated coverage on Relx in a report on Saturday. They issued a “buy” rating for the company. Credit Suisse Group boosted their price objective on Relx from GBX 2,600 ($32.05) to GBX 2,650 ($32.67) in a research report on Tuesday, March 29th. Zacks Investment Research cut shares of Relx from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. The Goldman Sachs Group began coverage on shares of Relx in a research report on Thursday, January 20th. They set a “buy” rating for the company. Finally, Morgan Stanley dropped their target price on Relx from GBX 2,750 ($33.90) to GBX 2,730 ($33.65) in a report on Thursday, February 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $1,804.67.

Relx stock traded up $0.37 during mid-day trading on Tuesday, reaching $28.80. 209,851 shares of the company were exchanged, compared to its average volume of 1,257,433. The firm’s 50-day simple moving average is $30.13 and its two-hundred day simple moving average is $30.70. Relx Plc has a twelve month low of $25.90 and a twelve month high of $32.71. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.84.

Relx Company Profile (Get Rating)

RELX PLC 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.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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