Relx (NYSE:RELX) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Relx (NYSE:RELX) in a research note issued to investors on Tuesday. The firm issued a hold rating on the technology company’s stock.

Separately, Berenberg Bank cut Relx from a buy rating to a hold rating in a research note on Friday, March 1st.

Relx Trading Down 0.6 %

Shares of NYSE RELX opened at $45.89 on Tuesday. The business has a 50 day simple moving average of $43.94 and a 200 day simple moving average of $42.49. Relx has a 52 week low of $31.38 and a 52 week high of $46.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Institutional Investors Weigh In On Relx

Large investors have recently made changes to their positions in the company. Heritage Wealth Management LLC bought a new stake in Relx during the fourth quarter worth approximately $949,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Relx during the fourth quarter worth approximately $16,120,000. Park Avenue Securities LLC boosted its position in Relx by 59.4% during the first quarter. Park Avenue Securities LLC now owns 45,313 shares of the technology company’s stock worth $1,962,000 after purchasing an additional 16,879 shares during the period. Invesco Ltd. boosted its position in Relx by 11.2% during the third quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after purchasing an additional 131,711 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Relx by 13.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after purchasing an additional 399,101 shares during the period. Institutional investors own 15.02% of the company’s stock.

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.