Raymond James & Associates reduced its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 946,115 shares of the technology company's stock after selling 40,331 shares during the quarter. Raymond James & Associates owned approximately 0.05% of Relx worth $44,903,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. boosted its stake in shares of Relx by 192.9% during the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company's stock valued at $38,000 after acquiring an additional 571 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Relx by 90.9% during the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company's stock worth $43,000 after buying an additional 468 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of Relx in the second quarter valued at approximately $52,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Relx by 144.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company's stock valued at $62,000 after buying an additional 852 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Relx during the second quarter worth approximately $72,000. Institutional investors and hedge funds own 15.02% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research note on Saturday, August 31st. Citigroup upgraded Relx to a "strong-buy" rating in a research note on Tuesday, September 17th.
Check Out Our Latest Report on Relx
Relx Stock Down 1.3 %
Shares of RELX stock opened at $47.02 on Wednesday. Relx Plc has a one year low of $33.94 and a one year high of $48.91. The company has a 50 day moving average price of $47.05 and a 200 day moving average price of $45.26.
Relx Company Profile
(
Free Report)
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.
See Also
Before you consider Relx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Relx wasn't on the list.
While Relx currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
