Hauser Brothers GmbH bought a new position in QXO, Inc. (NASDAQ:QXO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 99,985 shares of the company's stock, valued at approximately $1,577,000. QXO comprises about 1.2% of Hauser Brothers GmbH's portfolio, making the stock its 9th largest position.
Other institutional investors also recently modified their holdings of the company. Finepoint Capital LP acquired a new stake in shares of QXO during the 3rd quarter worth approximately $406,090,000. Allspring Global Investments Holdings LLC acquired a new position in shares of QXO in the third quarter valued at approximately $42,593,000. Driehaus Capital Management LLC acquired a new position in shares of QXO in the second quarter valued at approximately $160,859,000. Millennium Management LLC acquired a new position in shares of QXO in the second quarter valued at approximately $159,247,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of QXO in the third quarter worth $32,559,000. 58.68% of the stock is owned by institutional investors.
QXO Stock Down 1.0 %
Shares of QXO stock traded down $0.17 during trading on Tuesday, reaching $17.15. The company's stock had a trading volume of 1,951,535 shares, compared to its average volume of 1,113,754. The firm's fifty day moving average is $15.55. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00.
Insiders Place Their Bets
In other news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction dated 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. 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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