Axxcess Wealth Management LLC Increases Stock Position in Relx Plc (NYSE:RELX)

Axxcess Wealth Management LLC grew its position in Relx Plc (NYSE:RELX) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,270 shares of the technology company’s stock after purchasing an additional 266 shares during the period. Axxcess Wealth Management LLC’s holdings in Relx were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RELX. Indiana Trust & Investment Management CO purchased a new stake in shares of Relx in the second quarter valued at about $52,000. Rothschild Investment LLC purchased a new stake in shares of Relx in the second quarter valued at about $72,000. TFC Financial Management Inc. purchased a new stake in shares of Relx in the second quarter valued at about $88,000. Ashton Thomas Private Wealth LLC purchased a new stake in Relx during the second quarter worth about $107,000. Finally, Cullen Frost Bankers Inc. increased its holdings in Relx by 119.0% during the second quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company’s stock worth $126,000 after buying an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RELX. Citigroup upgraded shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com began coverage on shares of Relx in a report on Wednesday, October 30th. They set a “hold” rating for the company.

Relx Stock Performance

NYSE RELX opened at $45.95 on Friday. Relx Plc has a 52-week low of $36.16 and a 52-week high of $48.91. The company has a 50-day simple moving average of $47.38 and a 200 day simple moving average of $45.87. The company has a market capitalization of $85.66 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.29 and a beta of 0.90.

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.