Relx N.V. (RENX) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Relx N.V. (NYSE:RENX) from a buy rating to a hold rating in a research report released on Friday, June 9th.

According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “

Shares of Relx N.V. (RENX) traded up 0.93% during midday trading on Friday, reaching $20.57. The company had a trading volume of 57,676 shares. Relx N.V. has a 12-month low of $14.92 and a 12-month high of $21.19. The firm has a market capitalization of $42.02 billion, a price-to-earnings ratio of 28.33 and a beta of 0.88. The company has a 50 day moving average of $20.58 and a 200 day moving average of $18.44.

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Institutional investors have recently added to or reduced their stakes in the company. Comerica Securities Inc. boosted its position in Relx N.V. by 6.3% in the first quarter. Comerica Securities Inc. now owns 12,337 shares of the technology company’s stock worth $229,000 after buying an additional 731 shares during the last quarter. Tyers Asset Management LLC purchased a new position in shares of Relx N.V. during the fourth quarter worth approximately $291,000. Eqis Capital Management Inc. boosted its position in shares of Relx N.V. by 4.8% in the first quarter. Eqis Capital Management Inc. now owns 17,592 shares of the technology company’s stock worth $327,000 after buying an additional 802 shares during the last quarter. Elkfork Partners LLC purchased a new position in shares of Relx N.V. during the fourth quarter worth approximately $400,000. Finally, Bessemer Group Inc. purchased a new position in shares of Relx N.V. during the fourth quarter worth approximately $695,000. 1.14% of the stock is owned by institutional investors.

Relx N.V. Company Profile

RELX NV 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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