Envestnet Portfolio Solutions Inc. Sells 24,366 Shares of Relx Plc (NYSE:RELX)

Envestnet Portfolio Solutions Inc. lowered its holdings in Relx Plc (NYSE:RELX - Free Report) by 52.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,809 shares of the technology company's stock after selling 24,366 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Relx were worth $1,099,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in Relx in the fourth quarter worth $40,000. Brown Brothers Harriman & Co. boosted its stake in Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock worth $44,000 after purchasing an additional 662 shares in the last quarter. Private Trust Co. NA raised its position in shares of Relx by 19.2% during the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock worth $56,000 after acquiring an additional 199 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Relx during the fourth quarter worth $74,000. Finally, Redwood Investments LLC bought a new stake in shares of Relx during the fourth quarter worth $120,000. Institutional investors and hedge funds own 15.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RELX shares. Morgan Stanley restated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating for the company. Wall Street Zen downgraded Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

Relx Trading Up 0.9%

NYSE RELX traded up $0.47 on Friday, reaching $53.78. The company had a trading volume of 776,841 shares, compared to its average volume of 735,209. The stock's 50 day moving average is $53.76 and its 200-day moving average is $50.36. The stock has a market cap of $100.98 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.24 and a beta of 0.84. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a 52 week low of $43.45 and a 52 week high of $56.33.

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.