23,172 Relx Plc $RELX Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its position in Relx Plc (NYSE:RELX) by 57.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,496 shares of the technology company’s stock after selling 23,172 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Relx were worth $581,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RELX. Lazard Asset Management LLC raised its stake in Relx by 12.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock valued at $100,783,000 after purchasing an additional 328,282 shares during the period. Bank of America Corp DE boosted its position in shares of Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after buying an additional 522,619 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Relx by 697.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 159,681 shares of the technology company’s stock worth $5,306,000 after buying an additional 139,663 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd grew its holdings in shares of Relx by 53.6% during the first quarter. Evelyn Partners Asset Management Ltd now owns 157,612 shares of the technology company’s stock valued at $5,225,000 after buying an additional 55,028 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Down 0.2%

Shares of NYSE:RELX opened at $40.53 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. Relx Plc has a 1 year low of $27.57 and a 1 year high of $46.97. The business has a fifty day simple moving average of $35.43 and a 200 day simple moving average of $34.46.

Analyst Upgrades and Downgrades

RELX has been the subject of several research analyst reports. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Citigroup downgraded Relx from a “buy” rating to a “neutral” rating in a report on Tuesday, October 20th. Barclays reissued an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Zacks Research upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Finally, TD Cowen assumed coverage on shares of Relx in a report on Thursday, September 10th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Relx Company Profile

RELX PLC is a global information-based analytics and decision tools company serving professional and business customers. The company provides data, software, research, and workflow solutions that help organizations make decisions, manage risk, improve productivity, and access specialized knowledge.

Its main business areas include scientific, technical, and medical information; risk and business analytics; legal information and technology; and industry-focused events. Products and services include research platforms such as ScienceDirect and Scopus, legal research and workflow solutions offered through LexisNexis, and risk-management, fraud-prevention, and identity solutions provided through LexisNexis Risk Solutions.

RELX serves customers internationally, including universities, researchers, law firms, government agencies, insurers, financial institutions, corporations, and healthcare professionals.