Bank of New York Mellon Corp Sells 96,254 Shares of Relx NV (RENX)

Bank of New York Mellon Corp lessened its holdings in Relx NV (NYSE:RENX) by 52.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,944 shares of the technology company’s stock after selling 96,254 shares during the period. Bank of New York Mellon Corp’s holdings in Relx were worth $1,877,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RENX. Alps Advisors Inc. purchased a new position in Relx in the 2nd quarter valued at approximately $284,000. Citadel Advisors LLC purchased a new stake in shares of Relx during the 1st quarter worth $286,000. Jane Street Group LLC purchased a new stake in shares of Relx during the 1st quarter worth $436,000. Eqis Capital Management Inc. lifted its position in shares of Relx by 17.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 26,741 shares of the technology company’s stock worth $570,000 after purchasing an additional 3,893 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Relx by 35.7% during the 1st quarter. Sei Investments Co. now owns 89,442 shares of the technology company’s stock worth $1,859,000 after purchasing an additional 23,528 shares during the last quarter. 1.37% of the stock is owned by institutional investors.

Several research firms have recently issued reports on RENX. Barclays raised shares of Relx to a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research cut shares of Relx from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Relx presently has an average rating of “Hold” and a consensus target price of $23.00.

Relx stock opened at $21.19 on Friday. The firm has a market cap of $19.88 billion, a PE ratio of 20.38, a PEG ratio of 3.57 and a beta of 0.65. Relx NV has a 12-month low of $20.06 and a 12-month high of $23.30. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.41 and a quick ratio of 0.37.

Relx Company Profile

RELX NV, through its interest in RELX Group plc, provides information and analytics for professional and business customers across industries worldwide. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment offers information and analytics to institutions and professionals.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Relx (NYSE:RENX)

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