Triasima Portfolio Management inc. Reduces Stake in Relx Plc (NYSE:RELX)

Triasima Portfolio Management inc. trimmed its stake in Relx Plc (NYSE:RELX) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,345 shares of the technology company’s stock after selling 700 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Relx were worth $1,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co lifted its stake in shares of Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Relx in the 4th quarter valued at approximately $31,000. Private Trust Co. NA boosted its position in Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after purchasing an additional 566 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Relx during the 3rd quarter valued at approximately $125,000. Finally, Grove Bank & Trust boosted its position in Relx by 10.2% during the 3rd quarter. Grove Bank & Trust now owns 3,758 shares of the technology company’s stock worth $178,000 after acquiring an additional 348 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RELX. Redburn Atlantic began coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com started coverage on Relx in a research note on Wednesday, October 30th. They set a “hold” rating for the company.

Relx Price Performance

NYSE RELX opened at $50.37 on Friday. Relx Plc has a one year low of $40.25 and a one year high of $50.84. The stock’s 50 day simple moving average is $47.33 and its 200 day simple moving average is $46.92. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.42 and a current ratio of 0.48.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.