Peapack Gladstone Financial Corp Raises Stock Position in Relx Plc (NYSE:RELX)

Peapack Gladstone Financial Corp boosted its stake in shares of Relx Plc (NYSE:RELX) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,924 shares of the technology company’s stock after acquiring an additional 267 shares during the period. Peapack Gladstone Financial Corp’s holdings in Relx were worth $234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Relx during the 3rd quarter worth $125,000. Sanctuary Advisors LLC lifted its stake in shares of Relx by 15.3% in the third quarter. Sanctuary Advisors LLC now owns 126,067 shares of the technology company’s stock worth $5,894,000 after buying an additional 16,745 shares in the last quarter. Virtu Financial LLC acquired a new position in Relx during the third quarter worth about $223,000. Goodman Advisory Group LLC boosted its position in Relx by 1.5% during the third quarter. Goodman Advisory Group LLC now owns 45,212 shares of the technology company’s stock worth $2,146,000 after acquiring an additional 678 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Relx during the 3rd quarter valued at about $6,366,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RELX. StockNews.com assumed coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating on the stock. Citigroup upgraded Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Stock Performance

Shares of RELX opened at $46.98 on Tuesday. The company’s 50-day moving average price is $47.05 and its 200 day moving average price is $46.45. Relx Plc has a 12-month low of $38.47 and a 12-month high of $48.91.

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.