Mission Wealth Management LP Boosts Stake in Relx PLC (NYSE:RELX)

Mission Wealth Management LP lifted its stake in Relx PLC (NYSE:RELX) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,023 shares of the technology company’s stock after acquiring an additional 965 shares during the quarter. Mission Wealth Management LP’s holdings in Relx were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Relx by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 982,576 shares of the technology company’s stock worth $20,162,000 after purchasing an additional 117,900 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC bought a new stake in Relx in the first quarter worth $2,501,000. Henry James International Management Inc. boosted its holdings in Relx by 9.6% in the first quarter. Henry James International Management Inc. now owns 131,372 shares of the technology company’s stock worth $2,818,000 after purchasing an additional 11,500 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Relx by 26.8% in the first quarter. Wells Fargo & Company MN now owns 1,770,920 shares of the technology company’s stock worth $37,986,000 after purchasing an additional 374,096 shares in the last quarter. Finally, Eagle Ridge Investment Management boosted its holdings in Relx by 0.4% in the fourth quarter. Eagle Ridge Investment Management now owns 237,187 shares of the technology company’s stock worth $4,867,000 after purchasing an additional 862 shares in the last quarter. 5.26% of the stock is currently owned by institutional investors and hedge funds.

RELX stock opened at $24.21 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.44 and a quick ratio of 0.40. Relx PLC has a 52-week low of $19.23 and a 52-week high of $24.26. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 3.48 and a beta of 0.47.

Separately, Zacks Investment Research cut shares of Relx from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th.

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About Relx

RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.

Read More: Cost of equity and a company’s balance sheet

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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