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 Wednesday. The firm set a “hold” rating on the technology company’s stock.

Separately, Citigroup upgraded Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Stock Performance

RELX opened at $47.91 on Wednesday. Relx has a 1-year low of $34.49 and a 1-year high of $48.91. The stock’s 50 day simple moving average is $47.22 and its 200 day simple moving average is $45.46.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC raised its stake in Relx by 1.4% in the 3rd quarter. Ballentine Partners LLC now owns 17,306 shares of the technology company’s stock valued at $821,000 after purchasing an additional 240 shares during the last quarter. Marshall Financial Group LLC raised its position in shares of Relx by 0.8% in the third quarter. Marshall Financial Group LLC now owns 30,515 shares of the technology company’s stock valued at $1,448,000 after buying an additional 246 shares during the last quarter. LVW Advisors LLC lifted its stake in shares of Relx by 1.7% during the second quarter. LVW Advisors LLC now owns 15,189 shares of the technology company’s stock valued at $697,000 after buying an additional 248 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Relx by 2.1% during the first quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company’s stock valued at $550,000 after buying an additional 260 shares during the period. Finally, Traveka Wealth LLC boosted its position in Relx by 4.5% during the second quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company’s stock worth $281,000 after acquiring an additional 264 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

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.