Signaturefd LLC Cuts Stock Holdings in RLX Technology Inc. (NYSE:RLX)

Signaturefd LLC reduced its position in shares of RLX Technology Inc. (NYSE:RLX) by 12.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 65,305 shares of the company’s stock after selling 8,907 shares during the period. Signaturefd LLC’s holdings in RLX Technology were worth $118,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RLX. Blue Trust Inc. grew its position in shares of RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after purchasing an additional 26,220 shares in the last quarter. Profund Advisors LLC acquired a new position in RLX Technology in the second quarter valued at approximately $72,000. Bank of New York Mellon Corp lifted its holdings in RLX Technology by 36.5% in the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after acquiring an additional 10,596 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in RLX Technology in the second quarter valued at approximately $146,000. Finally, SG Americas Securities LLC lifted its holdings in RLX Technology by 7,420.4% in the second quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock valued at $8,702,000 after acquiring an additional 4,666,663 shares during the last quarter. 22.68% of the stock is currently owned by hedge funds and other institutional investors.

RLX Technology Stock Performance

RLX opened at $1.70 on Tuesday. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.40. The stock has a market capitalization of $2.67 billion, a PE ratio of 42.51 and a beta of 0.92. The business’s 50 day moving average price is $1.70 and its 200 day moving average price is $1.79.

RLX Technology (NYSE:RLX) last released its quarterly earnings data on Friday, August 16th. The company reported $0.01 EPS for the quarter. RLX Technology had a return on equity of 2.48% and a net margin of 18.25%. The firm had revenue of $86.30 million for the quarter.

About RLX Technology

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.