Zacks Investment Research Downgrades Relx N.V. (RENX) to Hold

Relx N.V. (NYSE:RENX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “

Separately, BidaskClub lowered Relx N.V. from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th.

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Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in Relx N.V. by 6.6% in the first quarter. Bank of America Corp DE now owns 1,040,732 shares of the technology company’s stock valued at $19,316,000 after buying an additional 64,722 shares in the last quarter. Ngam Advisors L.P. increased its stake in Relx N.V. by 19.4% in the first quarter. Ngam Advisors L.P. now owns 373,639 shares of the technology company’s stock valued at $6,934,000 after buying an additional 60,640 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Relx N.V. by 3.7% in the first quarter. Envestnet Asset Management Inc. now owns 338,967 shares of the technology company’s stock valued at $6,292,000 after buying an additional 12,094 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Relx N.V. by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 302,752 shares of the technology company’s stock valued at $5,619,000 after buying an additional 56,682 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Relx N.V. by 17.5% in the first quarter. Renaissance Technologies LLC now owns 212,517 shares of the technology company’s stock valued at $3,944,000 after buying an additional 31,660 shares in the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

About Relx N.V.

RELX NV is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.

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