StockNews.com Initiates Coverage on Relx (NYSE:RELX)

Analysts at StockNews.com started coverage on shares of Relx (NYSE:RELX) in a report issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

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

Relx Stock Up 0.5 %

NYSE:RELX opened at $45.84 on Tuesday. Relx has a one year low of $31.38 and a one year high of $46.11. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The firm’s 50 day simple moving average is $43.57 and its 200 day simple moving average is $42.34.

Institutional Trading of Relx

Several institutional investors have recently made changes to their positions in the company. Capital International Investors boosted its holdings in shares of Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after buying an additional 1,623,705 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of Relx in the 4th quarter worth about $21,983,000. Captrust Financial Advisors boosted its holdings in shares of Relx by 185.6% in the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after buying an additional 434,963 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Relx in the 4th quarter worth about $16,120,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Relx by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after buying an additional 399,101 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

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.