Zacks Investment Research lowered shares of RELX NV (NYSE:RENX) from a buy rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “

Shares of RELX NV (NYSE:RENX) traded up 0.5230% on Thursday, hitting $16.8175. 23,813 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $17.63 and its 200 day moving average price is $17.39. RELX NV has a 1-year low of $15.14 and a 1-year high of $18.34. The company has a market cap of $34.57 billion, a price-to-earnings ratio of 25.2515 and a beta of 1.05.

Hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of RELX NV by 17.0% in the second quarter. US Bancorp DE now owns 586,796 shares of the company’s stock valued at $10,216,000 after buying an additional 85,362 shares in the last quarter. Raymond James & Associates boosted its stake in shares of RELX NV by 17.3% in the second quarter. Raymond James & Associates now owns 394,835 shares of the company’s stock worth $6,874,000 after buying an additional 58,375 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of RELX NV by 135.0% in the first quarter. Envestnet Asset Management Inc. now owns 362,476 shares of the company’s stock worth $6,354,000 after buying an additional 208,250 shares during the period. Ngam Advisors L.P. boosted its stake in shares of RELX NV by 206.1% in the second quarter. Ngam Advisors L.P. now owns 358,434 shares of the company’s stock worth $6,241,000 after buying an additional 241,322 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of RELX NV by 9.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 321,589 shares of the company’s stock worth $5,599,000 after buying an additional 28,988 shares during the period. 1.37% of the stock is owned by hedge funds and other institutional investors.

RELX NV Company Profile

RELX NV is a Netherlands-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.

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