The Euclid Advisors LLC Has $862,000 Position in Reed Elsevier PLC (RELX)

The Euclid Advisors LLC Has $862,000 Position in Reed Elsevier PLC (RELX)

Euclid Advisors LLC cut its stake in shares of Reed Elsevier PLC (NYSE:RELX) by 76.2% during the third quarter, Holdings Channel reports. The institutional investor owned 45,002 shares of the company’s stock after selling 143,901 shares during the period. Reed Elsevier PLC makes up approximately 5.0% of Euclid Advisors LLC’s investment portfolio, making the stock its 12th largest position. Euclid Advisors LLC’s holdings in Reed Elsevier PLC were worth $862,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. M&T Bank Corp increased its position in shares of Reed Elsevier PLC by 0.9% in the third quarter. M&T Bank Corp now owns 12,872 shares of the company’s stock valued at $247,000 after buying an additional 115 shares during the last quarter. US Bancorp DE increased its position in shares of Reed Elsevier PLC by 6.6% in the third quarter. US Bancorp DE now owns 13,264 shares of the company’s stock valued at $255,000 after buying an additional 824 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Reed Elsevier PLC during the third quarter valued at approximately $309,000. Raymond James Trust N.A. increased its position in shares of Reed Elsevier PLC by 0.3% in the third quarter. Raymond James Trust N.A. now owns 26,089 shares of the company’s stock valued at $500,000 after buying an additional 78 shares during the last quarter. Finally, Dorsey Wright & Associates increased its position in shares of Reed Elsevier PLC by 39.8% in the third quarter. Dorsey Wright & Associates now owns 27,857 shares of the company’s stock valued at $534,000 after buying an additional 7,926 shares during the last quarter. Institutional investors own 2.16% of the company’s stock.

Shares of Reed Elsevier PLC (NYSE:RELX) remained flat at $17.75 during mid-day trading on Thursday. 75,047 shares of the company’s stock traded hands. The stock has a market cap of $36.48 billion, a P/E ratio of 27.22 and a beta of 0.91. Reed Elsevier PLC has a one year low of $16.19 and a one year high of $19.84. The stock’s 50 day moving average is $17.68 and its 200-day moving average is $18.34.

RELX has been the topic of several recent analyst reports. Bank of America Corp. started coverage on Reed Elsevier PLC in a report on Tuesday, October 25th. They issued a “buy” rating on the stock. Credit Suisse Group AG raised Reed Elsevier PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 22nd. Zacks Investment Research downgraded Reed Elsevier PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, October 27th. Barclays PLC reaffirmed an “overweight” rating on shares of Reed Elsevier PLC in a report on Friday, October 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Reed Elsevier PLC in a report on Friday, October 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.00.

About Reed Elsevier PLC

RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.

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