Relx (NYSE:RELX) Coverage Initiated at Redburn Atlantic

Investment analysts at Redburn Atlantic began coverage on shares of Relx (NYSE:RELX) in a report issued on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating on the technology company’s stock.

A number of other analysts have also commented on RELX. Citigroup raised Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com began coverage on Relx in a report on Wednesday, October 30th. They set a “hold” rating for the company.

Relx Price Performance

NYSE:RELX opened at $46.80 on Wednesday. Relx has a one year low of $39.43 and a one year high of $48.91. The company has a market cap of $87.11 billion, a PE ratio of 27.69, a PEG ratio of 3.53 and a beta of 0.89. The firm has a 50-day moving average of $46.52 and a 200-day moving average of $46.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after buying an additional 548,423 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Relx by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock valued at $136,155,000 after acquiring an additional 169,284 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Relx by 7.2% during the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock worth $103,709,000 after acquiring an additional 152,154 shares during the period. Captrust Financial Advisors boosted its position in Relx by 3.4% in the third quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock worth $52,386,000 after purchasing an additional 35,807 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after purchasing an additional 104,999 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

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.