GAMMA Investing LLC Raises Position in Relx Plc (NYSE:RELX)

GAMMA Investing LLC increased its position in shares of Relx Plc (NYSE:RELX) by 11.3% in the 4th quarter, HoldingsChannel reports. The firm owned 10,908 shares of the technology company’s stock after purchasing an additional 1,104 shares during the period. GAMMA Investing LLC’s holdings in Relx were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Relx during the 4th quarter worth approximately $31,000. JPMorgan Chase & Co. grew its holdings in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after acquiring an additional 104,999 shares during the period. Franklin Resources Inc. raised its position in Relx by 3.3% in the third quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock worth $873,000 after acquiring an additional 588 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in Relx by 5.7% in the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after acquiring an additional 267 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Relx during the 3rd quarter worth $125,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Up 0.2 %

Shares of RELX stock opened at $45.43 on Monday. The stock has a market cap of $84.56 billion, a P/E ratio of 26.88, a P/E/G ratio of 3.53 and a beta of 0.89. Relx Plc has a fifty-two week low of $39.15 and a fifty-two week high of $48.91. The business has a fifty day simple moving average of $46.60 and a 200-day simple moving average of $46.52.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RELX shares. StockNews.com started coverage on shares of Relx in a report on Wednesday, October 30th. They issued a “hold” rating for the company. Citigroup upgraded shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

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.