HighTower Advisors LLC grew its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 87.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,122 shares of the company's stock after acquiring an additional 82,675 shares during the quarter. HighTower Advisors LLC's holdings in QXO were worth $2,816,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of QXO in the 4th quarter valued at about $1,384,000. Amundi grew its stake in QXO by 174.8% in the fourth quarter. Amundi now owns 565,583 shares of the company's stock valued at $8,642,000 after purchasing an additional 359,780 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of QXO during the 4th quarter worth approximately $1,235,000. Arizona State Retirement System bought a new stake in shares of QXO during the 4th quarter worth approximately $1,606,000. Finally, Verdence Capital Advisors LLC raised its stake in shares of QXO by 23.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company's stock worth $253,000 after purchasing an additional 3,050 shares in the last quarter. 58.68% of the stock is owned by institutional investors.
QXO Stock Up 0.1 %
Shares of NASDAQ:QXO traded up $0.02 during midday trading on Tuesday, hitting $13.82. The stock had a trading volume of 5,171,908 shares, compared to its average volume of 2,139,759. The company has a market cap of $5.66 billion, a P/E ratio of -1.52, a PEG ratio of 4.09 and a beta of 2.35. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The business's 50-day simple moving average is $13.31 and its 200-day simple moving average is $14.80.
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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