WCM Investment Management LLC Buys 22,308 Shares of Relx Plc (NYSE:RELX)

WCM Investment Management LLC lifted its stake in shares of Relx Plc (NYSE:RELX) by 86.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,035 shares of the technology company’s stock after acquiring an additional 22,308 shares during the quarter. WCM Investment Management LLC’s holdings in Relx were worth $2,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its position in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc bought a new stake in Relx during the 4th quarter valued at approximately $31,000. Private Trust Co. NA raised its stake in Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after purchasing an additional 566 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Relx in the 3rd quarter worth approximately $125,000. Finally, Grove Bank & Trust boosted its stake in Relx by 10.2% in the 3rd quarter. Grove Bank & Trust now owns 3,758 shares of the technology company’s stock worth $178,000 after purchasing an additional 348 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Trading Up 1.1 %

NYSE RELX opened at $50.52 on Tuesday. 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 Plc has a 1-year low of $40.25 and a 1-year high of $50.84. The business has a 50 day simple moving average of $47.45 and a two-hundred day simple moving average of $47.00.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Relx in a research report on Wednesday, October 30th. They set a “hold” rating on the stock. Redburn Atlantic started coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating on the stock.

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.