Comerica Bank reduced its position in Relx PLC (NYSE:RELX) by 6.3% in the 1st quarter, Holdings Channel reports. The firm owned 111,536 shares of the technology company’s stock after selling 7,478 shares during the period. Comerica Bank’s holdings in Relx were worth $2,418,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Relx by 473.8% in the third quarter. Bank of New York Mellon Corp now owns 834,878 shares of the technology company’s stock worth $17,474,000 after acquiring an additional 689,380 shares during the period. JPMorgan Chase & Co. lifted its stake in Relx by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 208,529 shares of the technology company’s stock worth $4,365,000 after acquiring an additional 125,639 shares during the period. Bank of Montreal Can lifted its stake in Relx by 21.2% in the fourth quarter. Bank of Montreal Can now owns 66,138 shares of the technology company’s stock worth $1,358,000 after acquiring an additional 11,557 shares during the period. We Are One Seven LLC purchased a new stake in Relx in the fourth quarter worth $26,000. Finally, Cox Capital Mgt LLC lifted its stake in Relx by 3.9% in the fourth quarter. Cox Capital Mgt LLC now owns 60,525 shares of the technology company’s stock worth $1,303,000 after acquiring an additional 2,245 shares during the period. 4.98% of the stock is owned by institutional investors and hedge funds.

Shares of Relx stock opened at $23.08 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.44 and a debt-to-equity ratio of 2.11. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 3.30 and a beta of 0.55. Relx PLC has a 12 month low of $19.23 and a 12 month high of $23.36.

Several brokerages have commented on RELX. Zacks Investment Research lowered Relx from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Deutsche Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th.

ILLEGAL ACTIVITY NOTICE: This story was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://theolympiareport.com/2019/05/24/comerica-bank-trims-stake-in-relx-plc-relx.html.

Relx Company Profile

RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.

See Also: What is a Candlestick Chart?

Want to see what other hedge funds are holding RELX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Relx PLC (NYSE:RELX).

Institutional Ownership by Quarter for Relx (NYSE:RELX)

Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.