Cherry Creek Investment Advisors Inc. purchased 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 and Exchange Commission. The firm purchased 29,821 shares of the company's stock, valued at approximately $474,000.
A number of other institutional investors also recently modified their holdings of QXO. Finepoint Capital LP bought a new stake in QXO during the 3rd quarter worth about $406,090,000. Geode Capital Management LLC raised its holdings in QXO by 64,992.4% during 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 bought a new stake in QXO during the third quarter worth about $42,593,000. Massachusetts Financial Services Co. MA acquired a new position in QXO during the third quarter valued at approximately $32,559,000. Finally, Charles Schwab Investment Management Inc. bought a new position in QXO in the third quarter valued at approximately $24,130,000. 58.68% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the transaction, the insider now owns 46,908,701 shares of the company's stock, valued at $705,975,950.05. The trade was a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 51.30% of the stock is owned by corporate insiders.
QXO Trading Down 0.9 %
Shares of NASDAQ:QXO traded down $0.12 during trading on Friday, hitting $13.30. 2,019,985 shares of the company were exchanged, compared to its average volume of 1,992,534. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of -1.46, a P/E/G ratio of 3.35 and a beta of 2.32. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The firm has a fifty day moving average price of $15.64 and a two-hundred day moving average price of $19.17.
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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