Relx (NYSE:RELX) Shares Gap Up – Still a Buy?

Relx Plc (NYSE:RELX) gapped up prior to trading on Thursday . The stock had previously closed at $32.90, but opened at $34.60. Relx shares last traded at $34.73, with a volume of 458,316 shares changing hands.

Wall Street Analyst Weigh In

RELX has been the topic of a number of research reports. Zacks Research lowered Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Relx in a report on Friday, May 8th. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. The Goldman Sachs Group initiated coverage on Relx in a research report on Wednesday. They set a “buy” rating for the company. Finally, Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Relx Stock Up 5.5%

The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. The firm has a 50-day moving average of $34.04 and a two-hundred day moving average of $36.20.

Institutional Trading of Relx

Several institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank increased its holdings in Relx by 5.1% in the 3rd quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock worth $246,000 after purchasing an additional 250 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in Relx by 2.5% in the 4th quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock worth $447,000 after purchasing an additional 267 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Relx by 7.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock worth $218,000 after purchasing an additional 275 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Relx by 5.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,511 shares of the technology company’s stock worth $223,000 after purchasing an additional 281 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in Relx by 23.0% in the 3rd quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock worth $72,000 after purchasing an additional 284 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.