Janney Montgomery Scott LLC Has $904,000 Position in Relx Plc (NYSE:RELX)

Janney Montgomery Scott LLC raised its holdings in Relx Plc (NYSE:RELX – Get Rating) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,184 shares of the technology company’s stock after buying an additional 2,994 shares during the period. Janney Montgomery Scott LLC’s holdings in Relx were worth $904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in Relx in the 2nd quarter valued at $28,000. Pinnacle Bancorp Inc. bought a new position in shares of Relx in the 3rd quarter valued at about $35,000. Allworth Financial LP grew its position in shares of Relx by 455.3% in the 3rd quarter. Allworth Financial LP now owns 1,455 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,193 shares during the period. American National Bank bought a new position in shares of Relx in the 3rd quarter valued at about $51,000. Finally, Ronald Blue Trust Inc. bought a new position in shares of Relx in the 2nd quarter valued at about $81,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Up 0.4 %

NYSE RELX opened at $29.41 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.51 and a quick ratio of 0.45. Relx Plc has a 12-month low of $23.39 and a 12-month high of $32.24. The firm has a 50-day moving average price of $28.07 and a two-hundred day moving average price of $27.18.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Relx from GBX 3,020 ($36.85) to GBX 2,950 ($36.00) in a research report on Friday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of Relx from GBX 2,710 ($33.07) to GBX 2,730 ($33.31) in a report on Monday, December 12th. StockNews.com initiated coverage on shares of Relx in a report on Wednesday, November 30th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Relx from GBX 2,200 ($26.85) to GBX 2,000 ($24.41) in a report on Wednesday, October 5th. Finally, Credit Suisse Group reduced their target price on shares of Relx from GBX 2,828 ($34.51) to GBX 2,800 ($34.17) in a report on Tuesday, January 10th.

Relx Company Profile

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RELX PLC 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.