Quantbot Technologies LP Raises Stake in Relx Plc (NYSE:RELX)

Quantbot Technologies LP increased its holdings in shares of Relx Plc (NYSE:RELX) by 28.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,330 shares of the technology company’s stock after purchasing an additional 6,898 shares during the quarter. Quantbot Technologies LP’s holdings in Relx were worth $1,487,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in shares of Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after acquiring an additional 566 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in Relx during the 2nd quarter worth $52,000. Rothschild Investment LLC acquired a new stake in Relx in the 2nd quarter valued at $72,000. TFC Financial Management Inc. purchased a new position in Relx in the second quarter valued at about $88,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Relx during the second quarter worth about $107,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

RELX has been the subject of a number of recent research reports. Citigroup upgraded Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com started coverage on shares of Relx in a research report on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Stock Up 0.1 %

Relx stock opened at $47.08 on Friday. Relx Plc has a 12-month low of $38.08 and a 12-month high of $48.91. The firm’s fifty day moving average price is $47.07 and its 200 day moving average price is $46.16.

Relx 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.