Relx (NYSE:RELX) Rating Lowered to Hold at StockNews.com

Relx (NYSE:RELX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company.

Relx Price Performance

RELX stock opened at $48.55 on Tuesday. Relx has a 12 month low of $40.25 and a 12 month high of $51.99. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a 50-day moving average price of $48.54 and a 200 day moving average price of $47.52. The stock has a market cap of $90.24 billion, a PE ratio of 26.10, a P/E/G ratio of 2.73 and a beta of 0.90.

Institutional Investors Weigh In On Relx

Several large investors have recently modified their holdings of RELX. FMR LLC raised its stake in shares of Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after acquiring an additional 548,423 shares in the last quarter. Bank of America Corp DE boosted its holdings in Relx by 4.2% during the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company’s stock worth $283,714,000 after buying an additional 253,107 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Relx by 1.2% during the fourth quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company’s stock worth $191,868,000 after buying an additional 48,793 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Relx by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company’s stock worth $144,885,000 after acquiring an additional 121,831 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Relx by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock worth $127,437,000 after acquiring an additional 2,208,119 shares during the period. Institutional investors own 15.02% of the company’s stock.

About Relx

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.