PNC Financial Services Group Inc. Purchases 2,782 Shares of Relx Plc $RELX

PNC Financial Services Group Inc. boosted its holdings in shares of Relx Plc (NYSE:RELX) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,495 shares of the technology company’s stock after purchasing an additional 2,782 shares during the period. PNC Financial Services Group Inc.’s holdings in Relx were worth $2,744,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Carnegie Investment Counsel bought a new stake in shares of Relx during the 1st quarter worth $16,026,000. Ameriprise Financial Inc. raised its stake in Relx by 8.3% during the first quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company’s stock worth $154,129,000 after acquiring an additional 234,094 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Relx by 103.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,360 shares of the technology company’s stock worth $22,400,000 after acquiring an additional 225,947 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Relx by 9.2% in the 1st quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock valued at $120,686,000 after purchasing an additional 202,509 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Relx by 304.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 242,649 shares of the technology company’s stock valued at $13,186,000 after purchasing an additional 182,673 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Price Performance

RELX stock opened at $40.27 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx Plc has a fifty-two week low of $40.00 and a fifty-two week high of $56.33. The stock’s 50 day simple moving average is $45.21 and its 200 day simple moving average is $49.52.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RELX. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Barclays reiterated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Relx in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Relx currently has an average rating of “Buy”.

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.