Sterling Capital Management LLC raised its holdings in shares of Relx PLC (NYSE:RELX) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,098 shares of the technology company’s stock after buying an additional 3,532 shares during the period. Sterling Capital Management LLC’s holdings in Relx were worth $1,069,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in Relx by 1,445.9% during the second quarter. Envestnet Asset Management Inc. now owns 229,942 shares of the technology company’s stock valued at $4,999,000 after buying an additional 215,068 shares during the last quarter. Bank of America Corp DE increased its holdings in Relx by 3.7% during the second quarter. Bank of America Corp DE now owns 3,062,325 shares of the technology company’s stock valued at $66,575,000 after buying an additional 108,304 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its holdings in Relx by 141.0% during the third quarter. Lester Murray Antman dba SimplyRich now owns 78,574 shares of the technology company’s stock valued at $1,645,000 after buying an additional 45,966 shares during the last quarter. Gradient Investments LLC purchased a new stake in Relx during the third quarter valued at approximately $2,506,000. Finally, Wells Fargo & Company MN increased its holdings in Relx by 97.2% during the second quarter. Wells Fargo & Company MN now owns 1,086,413 shares of the technology company’s stock valued at $23,618,000 after buying an additional 535,622 shares during the last quarter. 3.01% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE RELX opened at $20.36 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 2.39. Relx PLC has a 1 year low of $19.23 and a 1 year high of $24.03.

A number of analysts have commented on RELX shares. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Monday, September 24th. Zacks Investment Research cut shares of Relx from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.00.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2018/11/10/sterling-capital-management-llc-increases-holdings-in-relx-plc-relx.html.

Relx Company Profile

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

Further Reading: Growth Stocks, What They Are, What They Are Not

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.