Relx (NYSE:RELX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Relx (NYSE:RELX) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts have also recently weighed in on the stock. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Citigroup initiated coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Relx presently has an average rating of “Buy”.

Relx Price Performance

Shares of Relx stock opened at $29.47 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The business has a 50-day moving average of $39.36 and a 200 day moving average of $43.62. Relx has a 12 month low of $29.17 and a 12 month high of $56.33.

Hedge Funds Weigh In On Relx

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Relx by 17.1% in the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after acquiring an additional 9,287 shares in the last quarter. Millennium Management LLC lifted its position in Relx by 51.4% in the first quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after purchasing an additional 93,610 shares during the period. Focus Partners Wealth boosted its holdings in Relx by 5.1% in the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after purchasing an additional 522 shares in the last quarter. Acadian Asset Management LLC increased its position in Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock worth $720,000 after purchasing an additional 5,374 shares during the period. Finally, Sivia Capital Partners LLC increased its position in Relx by 57.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock worth $381,000 after purchasing an additional 2,568 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Company Profile

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.