The Manufacturers Life Insurance Company lessened its holdings in Relx Plc (NYSE:RELX - Free Report) by 73.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,889 shares of the technology company's stock after selling 242,723 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Relx were worth $4,124,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Private Trust Co. NA grew its stake in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company's stock worth $49,000 after buying an additional 566 shares during the last quarter. Rothschild Investment LLC bought a new stake in Relx during the 2nd quarter worth $72,000. TFC Financial Management Inc. acquired a new position in Relx in the 2nd quarter worth about $88,000. Ashton Thomas Private Wealth LLC bought a new position in Relx in the second quarter valued at about $107,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Relx by 119.0% during the second quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company's stock valued at $126,000 after purchasing an additional 1,490 shares in the last quarter. Institutional investors own 15.02% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Citigroup raised Relx to a "strong-buy" rating in a research note on Tuesday, September 17th. StockNews.com assumed coverage on shares of Relx in a report on Wednesday, October 30th. They set a "hold" rating on the stock.
Get Our Latest Research Report on Relx
Relx Stock Down 1.2 %
RELX traded down $0.59 during midday trading on Friday, hitting $47.59. 586,474 shares of the company were exchanged, compared to its average volume of 632,745. The firm's 50 day moving average price is $47.01 and its 200-day moving average price is $46.29. Relx Plc has a 1-year low of $38.08 and a 1-year high of $48.91.
About Relx
(
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.
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