Relx (NYSE:RELX) Sees Large Volume Increase – Still a Buy?

Relx Plc (NYSE:RELX) shares saw unusually-high trading volume on Friday . Approximately 3,719,273 shares changed hands during mid-day trading, an increase of 341% from the previous session’s volume of 843,997 shares.The stock last traded at $45.80 and had previously closed at $45.78.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup upgraded Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com initiated coverage on Relx in a research note on Wednesday, October 30th. They issued a “hold” rating on the stock.

Relx Price Performance

The firm’s 50 day simple moving average is $47.01 and its 200-day simple moving average is $46.49.

Institutional Trading of Relx

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