Claro Advisors LLC Lowers Position in Relx Plc (NYSE:RELX)

Claro Advisors LLC trimmed its holdings in shares of Relx Plc (NYSE:RELX) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,422 shares of the technology company’s stock after selling 231 shares during the quarter. Claro Advisors LLC’s holdings in Relx were worth $305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Relx by 28.5% during the first quarter. Russell Investments Group Ltd. now owns 4,234 shares of the technology company’s stock valued at $183,000 after acquiring an additional 938 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Relx by 4.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 18,438 shares of the technology company’s stock valued at $798,000 after purchasing an additional 788 shares during the last quarter. Pitcairn Co. acquired a new stake in Relx in the 1st quarter valued at approximately $1,145,000. Axxcess Wealth Management LLC purchased a new stake in Relx in the first quarter valued at approximately $218,000. Finally, Capital International Investors lifted its stake in Relx by 22.6% during the first quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after purchasing an additional 1,623,705 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RELX shares. Citigroup raised Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com began coverage on shares of Relx in a report on Wednesday, October 30th. They set a “hold” rating on the stock.

Relx Stock Performance

Shares of NYSE RELX opened at $45.10 on Tuesday. The stock’s 50-day moving average is $47.31 and its two-hundred day moving average is $45.98. Relx Plc has a 1-year low of $37.13 and a 1-year high of $48.91.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.