Federated Hermes Inc. bought a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,178,100 shares of the company's stock, valued at approximately $50,532,000. Federated Hermes Inc. owned approximately 0.78% of QXO as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of QXO. JPMorgan Chase & Co. bought a new stake in shares of QXO in the 3rd quarter valued at approximately $2,219,000. Advyzon Investment Management LLC bought a new position in shares of QXO during the 4th quarter valued at $527,000. Blair William & Co. IL acquired a new position in shares of QXO during the 4th quarter worth about $229,000. State Street Corp bought a new stake in shares of QXO in the third quarter valued at approximately $16,245,000. Finally, Stifel Financial Corp bought a new stake in QXO in the 3rd quarter valued at $568,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Performance
Shares of NASDAQ:QXO traded up $0.70 on Friday, hitting $13.90. 1,679,161 shares of the company were exchanged, compared to its average volume of 2,232,146. The company's 50 day moving average price is $13.23 and its two-hundred day moving average price is $14.66. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of -1.52, a PEG ratio of 4.09 and a beta of 2.16. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00.
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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