StockNews.com Downgrades Relx (NYSE:RELX) to Hold

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

Separately, Berenberg Bank cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Relx Stock Performance

Relx stock opened at $41.43 on Thursday. The firm has a 50 day simple moving average of $42.89 and a 200-day simple moving average of $40.03. Relx has a 1-year low of $30.10 and a 1-year high of $44.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Hedge Funds Weigh In On Relx

Large investors have recently made changes to their positions in the stock. Milestone Investment Advisors LLC acquired a new position in shares of Relx in the 3rd quarter worth approximately $34,000. Frazier Financial Advisors LLC acquired a new stake in Relx during the 4th quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its holdings in Relx by 81.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after buying an additional 407 shares in the last quarter. NBC Securities Inc. acquired a new stake in Relx during the 3rd quarter worth approximately $38,000. Finally, Financial Management Professionals Inc. lifted its holdings in Relx by 192.9% during the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

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.