Relx (NYSE:RELX) Rating Lowered to Hold at StockNews.com

Relx (NYSE:RELX) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Stock Up 0.4 %

Shares of RELX stock opened at $41.45 on Tuesday. Relx has a 1 year low of $30.10 and a 1 year high of $44.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The stock’s 50 day simple moving average is $42.92 and its two-hundred day simple moving average is $39.77.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RELX. Tower Research Capital LLC TRC bought a new position in Relx in the first quarter worth approximately $26,000. Resurgent Financial Advisors LLC bought a new position in Relx in the fourth quarter worth approximately $27,000. Janiczek Wealth Management LLC grew its stake in Relx by 147.5% in the third quarter. Janiczek Wealth Management LLC now owns 990 shares of the technology company’s stock worth $33,000 after purchasing an additional 590 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in Relx in the third quarter worth approximately $34,000. Finally, Frazier Financial Advisors LLC bought a new position in Relx in the fourth quarter worth approximately $35,000. Institutional investors own 15.02% of the company’s stock.

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.