Mediolanum International Funds Ltd Takes Position in Relx Plc (NYSE:RELX)

Mediolanum International Funds Ltd bought a new position in shares of Relx Plc (NYSE:RELX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 270,147 shares of the technology company’s stock, valued at approximately $12,902,000.

A number of other hedge funds have also bought and sold shares of RELX. Capital International Investors raised its stake in Relx by 22.6% during the first quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after buying an additional 1,623,705 shares during the last quarter. Captrust Financial Advisors raised its stake in Relx by 185.6% during the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after buying an additional 434,963 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Relx by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock worth $136,155,000 after buying an additional 169,284 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Relx by 7.2% in the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock worth $103,709,000 after purchasing an additional 152,154 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Relx in the second quarter worth $5,016,000. Institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st. Citigroup upgraded shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

Relx Trading Up 0.7 %

Shares of NYSE RELX opened at $47.42 on Friday. Relx Plc has a 1 year low of $33.94 and a 1 year high of $48.91. The company has a 50-day moving average price of $47.10 and a 200-day moving average price of $45.29.

About Relx

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.