Counterpoint Mutual Funds LLC acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,541 shares of the company's stock, valued at approximately $438,000.
A number of other institutional investors have also recently made changes to their positions in QXO. Finepoint Capital LP purchased a new position in shares of QXO in the third quarter worth about $406,090,000. Geode Capital Management LLC increased its holdings in QXO by 64,992.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock worth $45,019,000 after buying an additional 2,849,269 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in QXO during the 3rd quarter worth approximately $32,559,000. Charles Schwab Investment Management Inc. acquired a new stake in QXO during the 3rd quarter valued at approximately $24,130,000. Finally, State Street Corp purchased a new stake in shares of QXO in the 3rd quarter valued at $16,245,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Performance
Shares of QXO stock traded down $0.75 during trading on Friday, hitting $12.69. 8,618,086 shares of the company's stock were exchanged, compared to its average volume of 2,117,647. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of -1.39, a PEG ratio of 4.09 and a beta of 2.35. The business has a 50-day simple moving average of $13.40 and a 200-day simple moving average of $14.78. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00.
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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