Relx (NYSE:RELX) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded RELX from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy,” with other firms maintaining or issuing positive ratings.
• RELX shares opened at $33.76, down 0.2%, with the stock trading below its 50-day moving average and within a 12-month range of $27.57 to $48.40.
• Institutional investors increased their holdings in RELX, including Capital International Investors, Morgan Stanley and Arrowstreet Capital; institutions collectively own 15.02% of the company.

Relx (NYSE:RELX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

RELX has been the topic of a number of other research reports. TD Cowen started coverage on Relx in a report on Thursday. They issued a "buy" rating on the stock. Weiss Ratings upgraded shares of Relx from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. TD Securities upgraded shares of Relx to a "strong-buy" rating in a research report on Friday. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, June 3rd. They set a "buy" rating on the stock. Finally, Barclays reissued an "overweight" rating on shares of Relx in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Relx Stock Down 0.2%

NYSE:RELX opened at $33.76 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23. The company has a 50-day moving average price of $34.83 and a 200-day moving average price of $34.08. Relx has a 12 month low of $27.57 and a 12 month high of $48.40.

Institutional Trading of Relx

A number of large investors have recently made changes to their positions in RELX. Capital International Investors increased its position in shares of Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company's stock valued at $433,887,000 after purchasing an additional 4,264,474 shares during the last quarter. Morgan Stanley boosted its stake in Relx by 7.0% during the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company's stock worth $253,825,000 after buying an additional 408,833 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company's stock worth $140,955,000 after buying an additional 2,763,766 shares during the period. Bank of America Corp DE increased its position in Relx by 14.3% during the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company's stock valued at $138,568,000 after acquiring an additional 522,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Relx by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company's stock worth $141,583,000 after purchasing an additional 56,363 shares during the period. 15.02% of the stock is currently owned by institutional investors.

About Relx

RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.

RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.

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