Relx (NYSE:RELX) Sets New 52-Week High at $47.86

Relx Plc (NYSE:RELX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.86 and last traded at $47.74, with a volume of 25340 shares changing hands. The stock had previously closed at $47.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

Relx Stock Performance

The firm has a 50-day simple moving average of $46.05 and a two-hundred day simple moving average of $44.44. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52.

Relx Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.234 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Relx during the 2nd quarter worth about $5,016,000. Clearbridge Investments LLC raised its holdings in shares of Relx by 7.2% during the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after acquiring an additional 152,154 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Relx by 0.6% in the second quarter. Cetera Investment Advisers now owns 61,005 shares of the technology company’s stock valued at $2,799,000 after acquiring an additional 339 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Relx by 143.5% in the second quarter. NewEdge Advisors LLC now owns 30,223 shares of the technology company’s stock worth $1,387,000 after acquiring an additional 17,809 shares during the last quarter. Finally, Creative Planning increased its position in shares of Relx by 16.4% during the second quarter. Creative Planning now owns 128,930 shares of the technology company’s stock worth $5,915,000 after purchasing an additional 18,199 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

About Relx

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.