Charles Schwab Investment Management Inc. purchased a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,530,151 shares of the company's stock, valued at approximately $24,130,000. Charles Schwab Investment Management Inc. owned 0.37% of QXO at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA acquired a new stake in shares of QXO in the third quarter valued at $32,559,000. Landscape Capital Management L.L.C. acquired a new stake in QXO in the 3rd quarter valued at about $622,000. Claro Advisors LLC acquired a new stake in QXO in the 3rd quarter valued at about $612,000. CIBC Asset Management Inc purchased a new position in shares of QXO in the 3rd quarter valued at about $186,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of QXO during the third quarter worth about $442,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Up 1.8 %
NASDAQ:QXO traded up $0.31 during mid-day trading on Friday, hitting $17.41. The stock had a trading volume of 2,425,408 shares, compared to its average volume of 1,131,048. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The company has a market capitalization of $7.13 billion, a P/E ratio of -1.88 and a beta of 2.32. The firm's 50-day simple moving average is $15.67.
Insider Activity
In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total value of $105,350,000.00. Following the transaction, the insider now directly owns 46,908,701 shares in the company, valued at $705,975,950.05. This represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 51.30% of the company's stock.
About QXO
(
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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