Triasima Portfolio Management inc. Cuts Stake in Relx Plc $RELX

Triasima Portfolio Management inc. lessened its stake in Relx Plc (NYSE:RELX) by 86.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 17,545 shares of the technology company’s stock after selling 110,175 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Relx were worth $838,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC grew its holdings in shares of Relx by 3.5% during the second quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock valued at $373,000 after buying an additional 230 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Relx by 1.0% in the 2nd quarter. Venturi Wealth Management LLC now owns 24,476 shares of the technology company’s stock valued at $1,330,000 after acquiring an additional 232 shares in the last quarter. Whipplewood Advisors LLC lifted its position in Relx by 15.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock valued at $93,000 after acquiring an additional 233 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Relx by 6.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock valued at $194,000 after purchasing an additional 240 shares during the last quarter. Finally, Marks Group Wealth Management Inc increased its holdings in shares of Relx by 1.0% in the 2nd quarter. Marks Group Wealth Management Inc now owns 23,789 shares of the technology company’s stock worth $1,293,000 after purchasing an additional 243 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RELX shares. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Citigroup assumed coverage on shares of Relx in a report on Monday, January 12th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Relx Trading Down 3.0%

RELX opened at $40.40 on Tuesday. The company’s 50 day moving average is $40.89 and its 200 day moving average is $45.51. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. Relx Plc has a 12-month low of $39.31 and a 12-month high of $56.33.

Relx Profile

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.