Pinnacle Bancorp Inc. Has $43,000 Position in Relx Plc (NYSE:RELX)

Pinnacle Bancorp Inc. raised its stake in shares of Relx Plc (NYSE:RELX) by 90.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 983 shares of the technology company’s stock after acquiring an additional 468 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Relx were worth $43,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Optiver Holding B.V. acquired a new position in Relx in the fourth quarter valued at about $21,983,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Relx in the fourth quarter worth $16,120,000. Goldman Sachs Group Inc. increased its stake in shares of Relx by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after buying an additional 399,101 shares in the last quarter. Norges Bank bought a new stake in Relx during the 4th quarter worth about $12,255,000. Finally, FMR LLC raised its stake in shares of Relx by 9.0% in 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. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RELX. Berenberg Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com assumed coverage on shares of Relx in a research note on Tuesday. They set a “hold” rating for the company.

Relx Stock Down 0.6 %

Shares of NYSE:RELX opened at $45.89 on Friday. The firm’s 50 day simple moving average is $43.94 and its 200 day simple moving average is $42.49. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. Relx Plc has a fifty-two week low of $31.38 and a fifty-two week high of $46.29.

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.