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

StockNews.com initiated coverage on shares of Relx (NYSE:RELX) in a research report released on Wednesday. The firm issued a hold rating on the technology company’s stock.

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

Relx Stock Performance

Shares of Relx stock opened at $47.08 on Wednesday. Relx has a one year low of $34.58 and a one year high of $48.91. The firm has a fifty day moving average of $47.25 and a two-hundred day moving average of $45.54.

Institutional Trading of Relx

Institutional investors have recently modified their holdings of the business. Ballentine Partners LLC boosted its holdings in Relx by 1.4% during the third quarter. Ballentine Partners LLC now owns 17,306 shares of the technology company’s stock worth $821,000 after buying an additional 240 shares in the last quarter. Marshall Financial Group LLC boosted its stake in shares of Relx by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 30,515 shares of the technology company’s stock worth $1,448,000 after acquiring an additional 246 shares in the last quarter. LVW Advisors LLC boosted its stake in shares of Relx by 1.7% during the 2nd quarter. LVW Advisors LLC now owns 15,189 shares of the technology company’s stock worth $697,000 after acquiring an additional 248 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Relx by 2.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company’s stock worth $550,000 after acquiring an additional 260 shares during the period. Finally, Traveka Wealth LLC increased its stake in Relx by 4.5% in the 2nd quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company’s stock valued at $281,000 after purchasing an additional 264 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

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.