Janney Montgomery Scott LLC Cuts Stock Holdings in Relx Plc (NYSE:RELX)

Janney Montgomery Scott LLC trimmed its stake in shares of Relx Plc (NYSE:RELX) by 83.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,160 shares of the technology company’s stock after selling 329,541 shares during the period. Janney Montgomery Scott LLC’s holdings in Relx were worth $2,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RELX. Versant Capital Management Inc acquired a new stake in shares of Relx in the fourth quarter valued at approximately $31,000. Private Trust Co. NA lifted its stake in shares of Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after purchasing an additional 566 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Relx during the third quarter worth approximately $125,000. Grove Bank & Trust increased its holdings in Relx by 10.2% in the 3rd quarter. Grove Bank & Trust now owns 3,758 shares of the technology company’s stock valued at $178,000 after purchasing an additional 348 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Relx by 33.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,952 shares of the technology company’s stock worth $188,000 after acquiring an additional 1,000 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RELX shares. Redburn Atlantic assumed coverage on Relx in a report on Wednesday, January 8th. They set a “buy” rating on the stock. StockNews.com started coverage on shares of Relx in a research report on Wednesday, October 30th. They set a “hold” rating for the company.

Relx Stock Down 1.0 %

Shares of NYSE RELX opened at $49.87 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.63. The stock has a fifty day moving average price of $47.06 and a two-hundred day moving average price of $46.78. Relx Plc has a 1 year low of $40.25 and a 1 year high of $50.55.

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.