Relx Plc (NYSE:RELX) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC trimmed its holdings in Relx Plc (NYSE:RELX) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,160 shares of the technology company’s stock after selling 626 shares during the period. Gallacher Capital Management LLC’s holdings in Relx were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Relx by 9.0% during the third quarter. FMR LLC now owns 2,349,521 shares of the technology company’s stock worth $79,179,000 after buying an additional 194,937 shares in the last quarter. Clearbridge Investments LLC grew its stake in Relx by 1.7% in the 3rd quarter. Clearbridge Investments LLC now owns 2,147,512 shares of the technology company’s stock worth $72,371,000 after acquiring an additional 36,466 shares during the period. Envestnet Asset Management Inc. raised its holdings in Relx by 27.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,781,022 shares of the technology company’s stock valued at $60,020,000 after acquiring an additional 384,504 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Relx by 2.9% during the 3rd quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock worth $53,070,000 after purchasing an additional 43,644 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Relx by 11.2% during the third quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after purchasing an additional 131,711 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Trading Up 2.3 %

Shares of RELX traded up $0.95 during midday trading on Friday, hitting $42.16. The company had a trading volume of 974,422 shares, compared to its average volume of 1,206,970. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 52 week low of $30.10 and a 52 week high of $44.75. The company’s 50 day moving average price is $42.62 and its 200 day moving average price is $40.36.

Relx Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be issued a $0.526 dividend. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 2nd. This is an increase from Relx’s previous Semi-Annual dividend of $0.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Company Profile

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.