Advisors Asset Management Inc. Cuts Stock Position in Relx Plc (NYSE:RELX)

Advisors Asset Management Inc. trimmed its position in shares of Relx Plc (NYSE:RELX) by 18.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,702 shares of the technology company’s stock after selling 6,489 shares during the period. Advisors Asset Management Inc.’s holdings in Relx were worth $1,362,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Indiana Trust & Investment Management CO bought a new position in shares of Relx during the second quarter valued at about $52,000. Rothschild Investment LLC purchased a new stake in shares of Relx in the 2nd quarter worth approximately $72,000. TFC Financial Management Inc. purchased a new stake in shares of Relx in the second quarter worth $88,000. Ashton Thomas Private Wealth LLC bought a new stake in Relx during the 2nd quarter valued at about $107,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Relx by 119.0% during the second quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company’s stock valued at $126,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of RELX stock opened at $46.57 on Tuesday. Relx Plc has a 12-month low of $38.08 and a 12-month high of $48.91. The firm’s 50 day moving average is $47.14 and its 200 day moving average is $46.09.

Analysts Set New Price Targets

RELX has been the topic of a number of research analyst reports. Citigroup raised Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com assumed coverage on shares of Relx in a research note on Wednesday, October 30th. They set 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.