Lake Street Advisors Group LLC Grows Position in Relx Plc (NYSE:RELX)

Lake Street Advisors Group LLC boosted its stake in Relx Plc (NYSE:RELX) by 5.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,472 shares of the technology company’s stock after buying an additional 1,013 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Relx were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Clarius Group LLC raised its position in Relx by 4.4% in the 2nd quarter. Clarius Group LLC now owns 13,364 shares of the technology company’s stock valued at $447,000 after buying an additional 565 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Relx by 68.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,596 shares of the technology company’s stock valued at $789,000 after purchasing an additional 9,617 shares during the period. Beverly Hills Private Wealth LLC grew its stake in Relx by 99.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 16,276 shares of the technology company’s stock valued at $530,000 after purchasing an additional 8,106 shares during the period. Cetera Investment Advisers grew its stake in Relx by 2.9% in the 2nd quarter. Cetera Investment Advisers now owns 22,732 shares of the technology company’s stock valued at $760,000 after purchasing an additional 642 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Relx by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,518,579 shares of the technology company’s stock valued at $84,190,000 after purchasing an additional 105,646 shares during the period. 3.56% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Up 0.7 %

NYSE RELX traded up $0.26 during trading hours on Friday, hitting $37.05. The company had a trading volume of 759,716 shares, compared to its average volume of 735,523. Relx Plc has a 52 week low of $27.18 and a 52 week high of $37.15. The firm has a 50 day simple moving average of $34.90 and a 200 day simple moving average of $33.19. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.62.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RELX shares. Credit Suisse Group upped their price objective on Relx from GBX 2,915 ($35.80) to GBX 3,000 ($36.84) in a research note on Friday, September 8th. JPMorgan Chase & Co. upped their price objective on Relx from GBX 3,100 ($38.07) to GBX 3,170 ($38.93) in a research note on Wednesday, September 13th. Berenberg Bank assumed coverage on Relx in a research note on Wednesday, September 27th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on Relx from GBX 2,100 ($25.79) to GBX 2,200 ($27.02) in a research note on Friday, July 28th. Finally, Investec upgraded Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,898.33.

Relx 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.