Freedom Investment Management Inc. Sells 3,256 Shares of Relx Plc (NYSE:RELX)

Freedom Investment Management Inc. cut its holdings in Relx Plc (NYSE:RELX) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,421 shares of the technology company’s stock after selling 3,256 shares during the period. Freedom Investment Management Inc.’s holdings in Relx were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RELX. FMR LLC raised its position in shares of Relx by 8.3% in the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after acquiring an additional 548,423 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Relx in the 3rd quarter worth about $12,902,000. Dimensional Fund Advisors LP increased its position in Relx by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock valued at $136,155,000 after buying an additional 169,284 shares in the last quarter. Clearbridge Investments LLC increased its position in Relx by 7.2% in the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after buying an additional 152,154 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Relx by 194.9% in the 3rd quarter. Bank of Montreal Can now owns 227,211 shares of the technology company’s stock valued at $10,806,000 after buying an additional 150,163 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RELX. StockNews.com began coverage on Relx in a research report on Wednesday, October 30th. They issued a “hold” rating for the company. Citigroup raised Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Stock Up 0.5 %

Shares of Relx stock opened at $47.05 on Thursday. Relx Plc has a one year low of $38.08 and a one year high of $48.91. The business has a 50-day simple moving average of $47.11 and a 200 day simple moving average of $46.13.

Relx Company 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.