Hood River Capital Management LLC cut its holdings in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,129,149 shares of the company's stock after selling 771,688 shares during the quarter. Hood River Capital Management LLC owned about 0.76% of QXO worth $49,753,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after purchasing an additional 3,000 shares during the period. Invesco Ltd. acquired a new position in QXO in the 4th quarter valued at about $164,000. Entropy Technologies LP purchased a new stake in shares of QXO in the 4th quarter valued at approximately $169,000. Wealth Effects LLC acquired a new stake in shares of QXO during the 4th quarter worth approximately $191,000. Finally, Provident Wealth Management LLC purchased a new stake in shares of QXO during the 4th quarter valued at approximately $198,000. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Trading Up 1.4 %
QXO stock traded up $0.17 during mid-day trading on Friday, hitting $12.92. The company's stock had a trading volume of 4,976,696 shares, compared to its average volume of 2,453,489. The stock's fifty day moving average is $13.20 and its two-hundred day moving average is $14.56. The firm has a market capitalization of $5.78 billion, a PE ratio of -1.42, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. QXO, Inc. has a 1 year low of $10.61 and a 1 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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