Goldman Sachs Group Inc. increased its stake in Relx N.V. (NYSE:RENX) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 302,752 shares of the technology company’s stock after buying an additional 56,682 shares during the period. Goldman Sachs Group Inc.’s holdings in Relx N.V. were worth $5,619,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in RENX. Comerica Bank boosted its position in Relx N.V. by 11.9% in the fourth quarter. Comerica Bank now owns 61,153 shares of the technology company’s stock valued at $1,028,000 after buying an additional 6,516 shares during the period. Comerica Securities Inc. boosted its position in shares of Relx N.V. by 6.3% in the first quarter. Comerica Securities Inc. now owns 12,337 shares of the technology company’s stock worth $229,000 after buying an additional 731 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Relx N.V. by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 202,411 shares of the technology company’s stock worth $3,757,000 after buying an additional 6,694 shares during the last quarter. Sit Investment Associates Inc. boosted its position in shares of Relx N.V. by 67.8% in the first quarter. Sit Investment Associates Inc. now owns 133,530 shares of the technology company’s stock worth $2,478,000 after buying an additional 53,965 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its position in shares of 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 worth $6,934,000 after buying an additional 60,640 shares during the last quarter. Hedge funds and other institutional investors own 1.12% of the company’s stock.
Relx N.V. (NYSE:RENX) traded down 1.05% during mid-day trading on Friday, hitting $20.82. The company’s stock had a trading volume of 79,703 shares. The firm has a 50 day moving average of $20.72 and a 200-day moving average of $19.45. The firm has a market cap of $41.96 billion, a price-to-earnings ratio of 25.42 and a beta of 0.88. Relx N.V. has a 52-week low of $14.92 and a 52-week high of $21.24.
The firm also recently announced a None dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.131 per share. The ex-dividend date is Wednesday, August 2nd.
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A number of research firms recently weighed in on RENX. Zacks Investment Research cut Relx N.V. from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub cut Relx N.V. from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th.
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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