Envestnet Asset Management Inc. Has $91.75 Million Stake in RELX PLC (NYSE:RELX)

Envestnet Asset Management Inc. cut its holdings in shares of RELX PLC (NYSE:RELX - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,820,102 shares of the technology company's stock after selling 78,825 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of RELX worth $91,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in RELX by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock worth $127,437,000 after purchasing an additional 2,208,119 shares during the last quarter. Northern Trust Corp raised its position in RELX by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock worth $99,542,000 after acquiring an additional 745,532 shares in the last quarter. GAMMA Investing LLC lifted its stake in RELX by 6,125.5% in the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock valued at $34,232,000 after acquiring an additional 668,165 shares during the last quarter. Bank of Montreal Can increased its position in RELX by 290.3% during the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company's stock worth $40,277,000 after buying an additional 659,547 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of RELX by 50.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company's stock worth $89,420,000 after acquiring an additional 658,655 shares during the period. Institutional investors own 15.02% of the company's stock.

RELX Stock Performance

RELX stock traded down $0.58 during trading hours on Friday, reaching $53.61. 1,234,307 shares of the stock were exchanged, compared to its average volume of 758,818. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. RELX PLC has a twelve month low of $43.45 and a twelve month high of $56.33. The stock has a 50 day moving average of $53.79 and a two-hundred day moving average of $50.77.

Wall Street Analysts Forecast Growth

RELX has been the topic of several research reports. Morgan Stanley reiterated an "overweight" rating on shares of RELX in a report on Wednesday, April 16th. Barclays upgraded shares of RELX from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group assumed coverage on RELX in a research note on Wednesday, March 26th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy".

RELX Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.