Relx Plc (NYSE:RELX) Stake Trimmed by M&T Bank Corp

M&T Bank Corp cut its position in shares of Relx Plc (NYSE:RELX) by 2.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,156 shares of the technology company’s stock after selling 1,084 shares during the quarter. M&T Bank Corp’s holdings in Relx were worth $1,859,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after acquiring an additional 566 shares during the period. Rothschild Investment LLC acquired a new stake in Relx during the 2nd quarter valued at $72,000. TFC Financial Management Inc. purchased a new stake in shares of Relx in the second quarter valued at $88,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Relx in the second quarter valued at $107,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Relx by 119.0% in 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 period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Trading Down 0.5 %

RELX stock opened at $47.06 on Friday. The company has a 50 day moving average of $47.03 and a two-hundred day moving average of $46.41. Relx Plc has a 12-month low of $38.08 and a 12-month high of $48.91.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup raised Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com began coverage on Relx in a report on Wednesday, October 30th. They issued a “hold” rating on the stock.

Relx 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.