ABC Arbitrage SA Makes New $6.30 Million Investment in Relx Plc (NYSE:RELX)

ABC Arbitrage SA acquired a new stake in shares of Relx Plc (NYSE:RELX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 138,618 shares of the technology company’s stock, valued at approximately $6,296,000. Relx accounts for about 0.9% of ABC Arbitrage SA’s portfolio, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Relx by 8.3% in the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after purchasing an additional 548,423 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Relx by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock worth $52,386,000 after buying an additional 35,807 shares during the period. JPMorgan Chase & Co. raised its holdings in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after acquiring an additional 104,999 shares during the period. Reynders McVeigh Capital Management LLC raised its holdings in Relx by 31.8% during the third quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after acquiring an additional 119,405 shares during the period. Finally, Eagle Ridge Investment Management boosted its stake in shares of Relx by 1.2% in the third quarter. Eagle Ridge Investment Management now owns 316,601 shares of the technology company’s stock worth $15,026,000 after acquiring an additional 3,779 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Stock Performance

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RELX shares. StockNews.com raised Relx from a “hold” rating to a “buy” rating in a research note on Friday. Redburn Atlantic assumed coverage on shares of Relx in a research report on Wednesday, January 8th. They set a “buy” rating on the stock.

About Relx

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.