Ballentine Partners LLC Invests $205,000 in Relx Plc (NYSE:RELX)

Ballentine Partners LLC bought a new position in shares of Relx Plc (NYSE:RELX – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,330 shares of the technology company’s stock, valued at approximately $205,000.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC acquired a new position in Relx in the 2nd quarter valued at $23,448,000. Clearbridge Investments LLC raised its stake in Relx by 53.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,359,923 shares of the technology company’s stock valued at $65,417,000 after purchasing an additional 819,697 shares during the last quarter. Norges Bank acquired a new position in Relx in the 4th quarter valued at $14,608,000. Arrowstreet Capital Limited Partnership raised its stake in Relx by 36.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,378,055 shares of the technology company’s stock valued at $42,858,000 after purchasing an additional 370,016 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Relx by 844.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 351,318 shares of the technology company’s stock valued at $9,739,000 after purchasing an additional 314,134 shares during the last quarter. 3.45% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts recently commented on RELX shares. Barclays increased their price objective on Relx from GBX 2,585 ($33.80) to GBX 2,700 ($35.30) in a research note on Monday, July 3rd. JPMorgan Chase & Co. cut their target price on Relx from GBX 3,100 ($40.53) to GBX 3,040 ($39.75) in a research note on Wednesday, June 28th. Finally, StockNews.com initiated coverage on Relx in a research note on Thursday, May 18th. They issued a “hold” rating for the company.

Relx Stock Up 0.3 %

NYSE RELX opened at $33.40 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Relx Plc has a twelve month low of $23.39 and a twelve month high of $34.07. The stock has a fifty day simple moving average of $32.07 and a 200-day simple moving average of $31.16.

About Relx

(Free Report)

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.

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