BNP Paribas Financial Markets Sells 193,854 Shares of Relx Plc $RELX

BNP Paribas Financial Markets lowered its position in Relx Plc (NYSE:RELX) by 33.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 391,181 shares of the technology company’s stock after selling 193,854 shares during the quarter. BNP Paribas Financial Markets’ holdings in Relx were worth $15,812,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RELX. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Relx in the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its stake in shares of Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after acquiring an additional 695 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Relx by 104.2% in the third quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock valued at $42,000 after acquiring an additional 443 shares during the last quarter. C WorldWide Group Holding A S bought a new position in shares of Relx in the fourth quarter valued at approximately $48,000. Finally, Stance Capital LLC bought a new position in shares of Relx in the third quarter valued at approximately $69,000. Institutional investors own 15.02% of the company’s stock.

Relx Trading Up 2.0%

Shares of Relx stock opened at $35.17 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $34.14 and a 200 day simple moving average of $36.14. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $54.37.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RELX. Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Relx in a research note on Friday, May 8th. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.