Seascape Capital Management Cuts Position in Relx Plc (NYSE:RELX)

Seascape Capital Management lowered its stake in shares of Relx Plc (NYSE:RELX) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 85,636 shares of the technology company’s stock after selling 230 shares during the period. Relx comprises about 1.4% of Seascape Capital Management’s portfolio, making the stock its 23rd biggest position. Seascape Capital Management’s holdings in Relx were worth $4,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RELX. Indiana Trust & Investment Management CO purchased a new stake in shares of Relx in the 2nd quarter worth about $52,000. Rothschild Investment LLC acquired a new position in Relx during the second quarter worth about $72,000. TFC Financial Management Inc. purchased a new stake in shares of Relx in the second quarter valued at about $88,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Relx in the second quarter valued at approximately $107,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Relx by 119.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company’s stock valued at $126,000 after buying an additional 1,490 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on RELX. Citigroup raised shares of Relx to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com assumed coverage on shares of Relx in a research report on Wednesday, October 30th. They set a “hold” rating on the stock.

Relx Trading Up 0.7 %

Relx stock opened at $47.98 on Friday. The stock has a fifty day moving average price of $47.36 and a 200 day moving average price of $45.73. Relx Plc has a 52 week low of $35.86 and a 52 week high of $48.91.

About Relx

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.