Arrowstreet Capital Limited Partnership trimmed its stake in shares of RELX PLC (NYSE:RELX) by 26.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,754 shares of the technology company’s stock after selling 191,600 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in RELX PLC were worth $11,952,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of RELX PLC in the 2nd quarter worth approximately $101,000. PNC Financial Services Group Inc. raised its holdings in shares of RELX PLC by 44.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,033 shares of the technology company’s stock worth $139,000 after purchasing an additional 2,150 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of RELX PLC by 45.9% in the 2nd quarter. Grove Bank & Trust now owns 6,990 shares of the technology company’s stock worth $153,000 after purchasing an additional 2,200 shares in the last quarter. Strategic Global Advisors LLC bought a new stake in shares of RELX PLC in the 2nd quarter worth approximately $204,000. Finally, HighTower Advisors LLC bought a new stake in shares of RELX PLC in the 2nd quarter worth approximately $206,000. Institutional investors own 2.16% of the company’s stock.
A number of analysts recently commented on RELX shares. BidaskClub upgraded shares of RELX PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of RELX PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy”.
RELX PLC (RELX) traded down 0.31% on Friday, hitting $22.75. 13,640 shares of the stock traded hands. The company’s 50 day moving average price is $22.29 and its 200-day moving average price is $21.53. RELX PLC has a 12-month low of $16.19 and a 12-month high of $22.89. The stock has a market capitalization of $45.85 billion, a P/E ratio of 27.41 and a beta of 0.76.
RELX PLC Company Profile
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
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