ABC Arbitrage SA Purchases New Shares in Relx Plc (NYSE:RELX)

ABC Arbitrage SA acquired a new position in shares of Relx Plc (NYSE:RELX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 138,618 shares of the technology company’s stock, valued at approximately $6,296,000. Relx makes up 0.9% of ABC Arbitrage SA’s holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in RELX. CENTRAL TRUST Co grew its position in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Relx in the fourth quarter worth about $31,000. Private Trust Co. NA grew its holdings in shares of Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after purchasing an additional 566 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Relx in the 3rd quarter worth about $125,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Relx by 33.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,952 shares of the technology company’s stock valued at $188,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Redburn Atlantic began coverage on shares of Relx in a research report on Wednesday, January 8th. They set a “buy” rating on the stock. StockNews.com raised Relx from a “hold” rating to a “buy” rating in a research note on Friday.

Relx Price Performance

RELX stock opened at $51.14 on Friday. Relx Plc has a 1-year low of $40.25 and a 1-year high of $51.99. The business has a 50-day moving average price of $47.74 and a 200 day moving average price of $47.13. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.42 and a current ratio of 0.48.

Relx 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.