Advyzon Investment Management LLC purchased a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 33,147 shares of the company's stock, valued at approximately $527,000.
Other hedge funds also recently made changes to their positions in the company. Finepoint Capital LP purchased a new stake in shares of QXO during the 3rd quarter worth about $406,090,000. Geode Capital Management LLC increased its position in shares of QXO by 64,992.4% in the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock worth $45,019,000 after acquiring an additional 2,849,269 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of QXO in the 3rd quarter valued at $42,593,000. Massachusetts Financial Services Co. MA acquired a new position in shares of QXO during the 3rd quarter valued at $32,559,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in QXO during the 3rd quarter worth $24,130,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Trading Down 4.1 %
NASDAQ:QXO traded down $0.54 during mid-day trading on Friday, hitting $12.55. The company had a trading volume of 1,693,713 shares, compared to its average volume of 1,948,346. The business has a fifty day simple moving average of $14.59 and a 200-day simple moving average of $14.74. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of -1.38, a PEG ratio of 4.07 and a beta of 2.27. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00.
QXO Profile
(
Free Report)
QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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