Wall Street Zen Downgrades Relx (NYSE:RELX) to Hold

Relx (NYSE:RELX) 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 Sunday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. TD Securities raised Relx to a “strong-buy” rating in a research note on Friday. Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Friday, July 24th. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, TD Cowen assumed coverage on shares of Relx in a research note on Thursday. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Relx presently has an average rating of “Moderate Buy”.

Relx Price Performance

RELX opened at $35.70 on Friday. Relx has a 12 month low of $27.57 and a 12 month high of $48.40. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The stock’s 50 day moving average price is $34.90 and its 200 day moving average price is $34.13.

Hedge Funds Weigh In On Relx

Hedge funds have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Relx in the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC boosted its holdings in shares of Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares during the period. Manchester Capital Management LLC grew its position in Relx by 1,823.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,003 shares in the last quarter. Palladiem LLC purchased a new position in Relx during the fourth quarter valued at approximately $44,000. Finally, V Square Quantitative Management LLC acquired a new position in Relx in the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.