StockNews.com Lowers Relx (NYSE:RELX) to Hold

Relx (NYSE:RELX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Stock Performance

RELX stock opened at $41.43 on Thursday. Relx has a twelve month low of $30.10 and a twelve month high of $44.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The stock’s 50 day moving average is $42.89 and its 200-day moving average is $40.03.

Hedge Funds Weigh In On Relx

Several hedge funds have recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Relx during the fourth quarter valued at $16,120,000. Invesco Ltd. boosted its stake in Relx by 11.2% during the third quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock valued at $44,011,000 after buying an additional 131,711 shares during the period. Atria Investments Inc boosted its stake in Relx by 10.7% during the third quarter. Atria Investments Inc now owns 58,440 shares of the technology company’s stock valued at $1,969,000 after buying an additional 5,635 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Relx during the third quarter valued at $1,560,000. Finally, Royal Bank of Canada boosted its stake in Relx by 2.9% during the third quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock valued at $53,070,000 after buying an additional 43,644 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

About Relx

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.