Relx (NYSE:RELX) Now Covered by Redburn Atlantic

Redburn Atlantic started coverage on shares of Relx (NYSE:RELX) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. Citigroup upgraded shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com started coverage on shares of Relx in a research note on Wednesday, October 30th. They set a “hold” rating on the stock.

Relx Stock Up 1.8 %

RELX stock opened at $46.80 on Wednesday. Relx has a 52-week low of $39.43 and a 52-week high of $48.91. The company’s 50-day simple moving average is $46.51 and its 200-day simple moving average is $46.53. The firm has a market cap of $87.11 billion, a P/E ratio of 27.69, a PEG ratio of 3.53 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RELX. Versant Capital Management Inc purchased a new position in Relx in the fourth quarter valued at approximately $31,000. Private Trust Co. NA boosted its position 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 worth $49,000 after buying an additional 566 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Relx during the second quarter valued at $107,000. Wilmington Savings Fund Society FSB purchased a new stake in Relx in the 3rd quarter worth approximately $125,000. Finally, Grove Bank & Trust increased its stake in shares of Relx by 10.2% during the 3rd quarter. Grove Bank & Trust now owns 3,758 shares of the technology company’s stock valued at $178,000 after acquiring an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

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.