Bank of Montreal Can Has $33.17 Million Stock Position in Relx Plc $RELX

Bank of Montreal Can reduced its holdings in shares of Relx Plc (NYSE:RELX) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 610,412 shares of the technology company’s stock after selling 14,444 shares during the period. Bank of Montreal Can’s holdings in Relx were worth $33,170,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Carnegie Investment Counsel acquired a new position in Relx during the first quarter worth $16,026,000. Ameriprise Financial Inc. lifted its position in Relx by 8.3% during the 1st quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company’s stock worth $154,129,000 after buying an additional 234,094 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Relx by 103.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,360 shares of the technology company’s stock worth $22,400,000 after buying an additional 225,947 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Relx by 9.2% during the 1st quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock worth $120,686,000 after buying an additional 202,509 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Relx by 304.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 242,649 shares of the technology company’s stock valued at $13,186,000 after acquiring an additional 182,673 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the topic of several analyst reports. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Barclays reissued an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Relx in a research report on Wednesday, October 8th. Finally, Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Relx Price Performance

RELX stock opened at $43.37 on Friday. Relx Plc has a 1-year low of $42.78 and a 1-year high of $56.33. The business’s 50 day simple moving average is $46.04 and its 200 day simple moving average is $50.25. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

About Relx

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.