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

Relx (NYSE:RELX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently weighed in on RELX. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley reissued an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Relx in a research note on Wednesday, March 26th. They set a "buy" rating on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Relx Stock Down 1.2%

Shares of RELX stock traded down $0.62 during trading hours on Friday, reaching $53.25. 515,257 shares of the company's stock were exchanged, compared to its average volume of 748,694. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The stock's 50 day moving average is $53.74 and its 200-day moving average is $50.95. Relx has a fifty-two week low of $43.45 and a fifty-two week high of $56.33. The company has a market cap of $97.80 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 3.23 and a beta of 0.83.

Institutional Trading of Relx

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after buying an additional 441 shares during the period. WPG Advisers LLC purchased a new stake in Relx in the first quarter valued at $28,000. Golden State Wealth Management LLC lifted its position in Relx by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Relx by 325.2% in the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after buying an additional 530 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Relx in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Company 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.