Burkehill Global Management LP Takes $1.19 Million Position in QXO, Inc. (NASDAQ:QXO)

Burkehill Global Management LP bought a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,000 shares of the company's stock, valued at approximately $1,192,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QXO. Brown Brothers Harriman & Co. purchased a new stake in shares of QXO in the third quarter valued at $41,000. SG Americas Securities LLC boosted its stake in shares of QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after purchasing an additional 3,000 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of QXO during the third quarter valued at $166,000. Entropy Technologies LP purchased a new stake in shares of QXO during the fourth quarter valued at $169,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of QXO during the third quarter valued at $186,000. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Trading Up 1.3 %

Shares of QXO traded up $0.17 during trading hours on Friday, reaching $12.81. 1,758,446 shares of the company traded hands, compared to its average volume of 2,021,519. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 4.09 and a beta of 2.35. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The stock's fifty day moving average price is $13.60 and its 200 day moving average price is $14.81.

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QXO Profile

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.