Moody National Bank Trust Division acquired a new position in Relx PLC (NYSE:RELX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,290 shares of the technology company’s stock, valued at approximately $26,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RELX. Cornerstone Advisors Inc. raised its stake in Relx by 111.7% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,696 shares of the technology company’s stock worth $35,000 after acquiring an additional 895 shares during the period. Glenmede Trust Co. NA bought a new stake in Relx during the 3rd quarter worth approximately $149,000. Engineers Gate Manager LP bought a new stake in Relx during the 3rd quarter worth approximately $203,000. Mission Wealth Management LP bought a new stake in Relx during the 3rd quarter worth approximately $206,000. Finally, Capital Fund Management S.A. bought a new stake in Relx during the 2nd quarter worth approximately $211,000. Institutional investors own 4.04% of the company’s stock.
A number of equities research analysts have commented on RELX shares. BNP Paribas upgraded shares of Relx from an “underperform” rating to an “outperform” rating in a research note on Thursday, December 6th. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Relx presently has an average rating of “Hold” and an average target price of $23.00.
RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.
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