Redburn Atlantic Begins Coverage on Relx (NYSE:RELX)

Redburn Atlantic started coverage on shares of Relx (NYSE:RELX - Free Report) in a report published on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating on the technology company's stock.

Several other equities analysts also recently commented on RELX. StockNews.com began coverage on Relx in a research report on Wednesday, October 30th. They issued a "hold" rating on the stock. Citigroup raised Relx to a "strong-buy" rating in a report on Tuesday, September 17th.

Relx Price Performance

Shares of RELX stock traded up $0.82 on Wednesday, hitting $46.80. 528,910 shares of the stock traded hands, compared to its average volume of 491,942. Relx has a 52 week low of $39.43 and a 52 week high of $48.91. The firm has a 50 day simple moving average of $46.51 and a two-hundred day simple moving average of $46.53. The firm has a market cap of $87.11 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.53 and a beta of 0.89.

Institutional Investors Weigh In On Relx

Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Relx by 8.3% in the third quarter. FMR LLC now owns 7,148,837 shares of the technology company's stock worth $339,284,000 after buying an additional 548,423 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Relx in the 3rd quarter valued at $12,902,000. Dimensional Fund Advisors LP raised its position in shares of Relx by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company's stock worth $136,155,000 after acquiring an additional 169,284 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Relx by 7.2% during the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company's stock worth $103,709,000 after purchasing an additional 152,154 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Relx by 194.9% during the third quarter. Bank of Montreal Can now owns 227,211 shares of the technology company's stock valued at $10,806,000 after purchasing an additional 150,163 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

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.