PNC Financial Services Group Inc. Acquires 2,782 Shares of Relx Plc $RELX

PNC Financial Services Group Inc. increased its holdings in Relx Plc (NYSE:RELX) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,495 shares of the technology company’s stock after acquiring an additional 2,782 shares during the period. PNC Financial Services Group Inc.’s holdings in Relx were worth $2,744,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in Relx by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after purchasing an additional 441 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Relx during the first quarter valued at approximately $28,000. NewSquare Capital LLC grew its holdings in Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock worth $31,000 after buying an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Relx by 99.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after buying an additional 303 shares during the last quarter. Finally, Harbor Asset Planning Inc. purchased a new stake in Relx in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Relx in a research report on Thursday, November 13th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Relx Trading Down 0.3%

Relx stock opened at $40.27 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The business’s 50 day simple moving average is $45.21 and its 200 day simple moving average is $49.52. Relx Plc has a 12 month low of $40.00 and a 12 month high of $56.33.

Relx Company Profile

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.