Claro Advisors LLC acquired a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,782 shares of the company's stock, valued at approximately $612,000.
Other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA increased its stake in shares of QXO by 2,000.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock valued at $33,000 after buying an additional 2,000 shares in the last quarter. Gainplan LLC acquired a new stake in shares of QXO in the third quarter valued at $55,000. Renaissance Technologies LLC acquired a new stake in shares of QXO in the second quarter valued at $432,000. SG Americas Securities LLC acquired a new stake in shares of QXO in the third quarter valued at $103,000. Finally, Deltec Asset Management LLC bought a new position in QXO in the third quarter valued at about $158,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
QXO Price Performance
QXO stock traded up $0.10 during mid-day trading on Monday, hitting $15.50. The stock had a trading volume of 8,182,116 shares, compared to its average volume of 1,027,253. The firm's 50-day moving average is $15.14. The firm has a market cap of $6.35 billion, a PE ratio of -1.69, a PEG ratio of 2.41 and a beta of 2.32. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00.
Insider Activity at QXO
In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $705,975,950.05. This trade represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.30% of the stock is owned by company insiders.
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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