Cullen Frost Bankers Inc. Has $130,000 Stake in RELX PLC $RELX

Cullen Frost Bankers Inc. trimmed its stake in shares of RELX PLC (NYSE:RELX) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,398 shares of the technology company’s stock after selling 308 shares during the period. Cullen Frost Bankers Inc.’s holdings in RELX were worth $130,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of RELX by 23.5% during the 1st quarter. GAMMA Investing LLC now owns 13,471 shares of the technology company’s stock valued at $679,000 after acquiring an additional 2,563 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of RELX by 19.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,957 shares of the technology company’s stock valued at $956,000 after acquiring an additional 3,092 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of RELX by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Money Concepts Capital Corp raised its position in shares of RELX by 237.4% during the 1st quarter. Money Concepts Capital Corp now owns 15,604 shares of the technology company’s stock valued at $787,000 after acquiring an additional 10,979 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in RELX by 4.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,931 shares of the technology company’s stock valued at $756,000 after purchasing an additional 595 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on RELX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RELX in a research note on Saturday. Morgan Stanley reaffirmed an “overweight” rating on shares of RELX in a research note on Thursday, September 11th. Wall Street Zen downgraded shares of RELX from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Kepler Capital Markets raised shares of RELX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Finally, Barclays reissued an “overweight” rating on shares of RELX in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

RELX Trading Up 1.5%

Shares of RELX opened at $46.64 on Friday. The firm has a 50-day moving average of $46.62 and a 200-day moving average of $50.60. RELX PLC has a one year low of $44.19 and a one year high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

RELX Company Profile

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.