81,791 Shares in RXO, Inc. (NYSE:RXO) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in shares of RXO, Inc. (NYSE:RXO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,791 shares of the company's stock, valued at approximately $1,950,000. RXO accounts for approximately 0.6% of Bryce Point Capital LLC's investment portfolio, making the stock its 13th largest holding. Bryce Point Capital LLC owned 0.05% of RXO as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in RXO during the third quarter worth about $28,000. Smartleaf Asset Management LLC increased its stake in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after purchasing an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock valued at $39,000 after purchasing an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after purchasing an additional 1,445 shares during the period. 92.73% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts recently weighed in on RXO shares. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research note on Friday, March 7th. They issued a "hold" rating and a $19.00 price objective for the company. Susquehanna decreased their price objective on RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a research note on Wednesday, March 26th. Morgan Stanley cut their price objective on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company reduced their target price on RXO from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Jefferies Financial Group reduced their target price on RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $24.80.

RXO Trading Down 8.4 %

NYSE:RXO traded down $1.33 during midday trading on Friday, reaching $14.44. 3,000,423 shares of the stock traded hands, compared to its average volume of 1,062,067. The stock has a market capitalization of $2.37 billion, a P/E ratio of -6.81, a PEG ratio of 4.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The company has a fifty day moving average of $20.49 and a 200 day moving average of $24.91. RXO, Inc. has a 12 month low of $13.77 and a 12 month high of $32.82.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, research analysts predict that RXO, Inc. will post 0.31 EPS for the current year.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.