Investment House LLC purchased a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,390 shares of the company's stock, valued at approximately $706,000.
Other hedge funds have also recently modified their holdings of the company. Finepoint Capital LP purchased a new position in shares of QXO during the third quarter worth approximately $406,090,000. Geode Capital Management LLC increased its stake in QXO by 64,992.4% in the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock valued at $45,019,000 after purchasing an additional 2,849,269 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of QXO in the third quarter valued at about $32,559,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of QXO in the third quarter valued at about $24,130,000. Finally, State Street Corp acquired a new stake in shares of QXO during the third quarter worth about $16,245,000. 58.68% of the stock is owned by hedge funds and other institutional investors.
QXO Stock Up 8.6 %
QXO stock traded up $1.09 during trading on Monday, hitting $13.76. The company had a trading volume of 6,870,293 shares, compared to its average volume of 2,139,919. The firm has a 50-day moving average price of $13.34 and a 200-day moving average price of $14.80. The firm has a market cap of $5.63 billion, a PE ratio of -1.51, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. 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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