Eqis Capital Management Inc. boosted its position in RELX PLC (NYSE:RELX) by 168.1% during the second quarter, Holdings Channel reports. The fund owned 43,311 shares of the technology company’s stock after buying an additional 27,154 shares during the period. Eqis Capital Management Inc.’s holdings in RELX PLC were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RELX. Karp Capital Management Corp purchased a new stake in RELX PLC during the first quarter worth $13,161,000. World Asset Management Inc increased its stake in RELX PLC by 1.0% in the first quarter. World Asset Management Inc now owns 67,775 shares of the technology company’s stock worth $1,342,000 after buying an additional 668 shares during the last quarter. Eagle Ridge Investment Management increased its stake in RELX PLC by 4.6% in the first quarter. Eagle Ridge Investment Management now owns 177,089 shares of the technology company’s stock worth $3,506,000 after buying an additional 7,762 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in RELX PLC by 7.0% in the first quarter. Wetherby Asset Management Inc. now owns 35,015 shares of the technology company’s stock worth $693,000 after buying an additional 2,289 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in RELX PLC by 29.3% in the first quarter. Russell Investments Group Ltd. now owns 35,700 shares of the technology company’s stock worth $707,000 after buying an additional 8,100 shares during the last quarter. Institutional investors own 2.27% of the company’s stock.

RELX PLC (RELX) opened at 21.74 on Monday. The stock has a market capitalization of $44.41 billion, a PE ratio of 29.94 and a beta of 0.79. The firm has a 50-day moving average price of $21.65 and a 200-day moving average price of $19.65. RELX PLC has a 52 week low of $16.19 and a 52 week high of $22.19.

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A number of analysts recently weighed in on the company. Zacks Investment Research upgraded RELX PLC from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, June 27th. ABN Amro upgraded RELX PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. BidaskClub downgraded RELX PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, UBS AG downgraded RELX PLC from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $25.00.

RELX PLC Company Profile

RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.

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Institutional Ownership by Quarter for RELX PLC (NYSE:RELX)

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