Parallel Advisors LLC Trims Stock Holdings in Relx Plc (NYSE:RELX)

Parallel Advisors LLC lowered its stake in shares of Relx Plc (NYSE:RELXFree Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,093 shares of the technology company’s stock after selling 560 shares during the period. Parallel Advisors LLC’s holdings in Relx were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RELX. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Relx in the fourth quarter worth approximately $16,120,000. Envestnet Asset Management Inc. raised its position in shares of Relx by 27.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,781,022 shares of the technology company’s stock valued at $60,020,000 after buying an additional 384,504 shares during the last quarter. Norges Bank acquired a new stake in shares of Relx in the fourth quarter valued at about $12,255,000. FMR LLC boosted its position in Relx by 9.0% during the third quarter. FMR LLC now owns 2,349,521 shares of the technology company’s stock worth $79,179,000 after acquiring an additional 194,937 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Relx by 11.2% during the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock valued at $44,011,000 after acquiring an additional 131,711 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Price Performance

Relx stock opened at $43.90 on Tuesday. The company’s 50 day simple moving average is $42.67 and its 200-day simple moving average is $41.60. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 1 year low of $31.38 and a 1 year high of $44.96.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Berenberg Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

View Our Latest Report on RELX

About Relx

(Free Report)

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.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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