KLP Kapitalforvaltning AS purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 70,500 shares of the company's stock, valued at approximately $1,121,000.
Several other hedge funds also recently modified their holdings of QXO. JPMorgan Chase & Co. bought a new position in shares of QXO in the third quarter valued at $2,219,000. Advyzon Investment Management LLC acquired a new position in shares of QXO in the fourth quarter worth about $527,000. State Street Corp purchased a new position in shares of QXO in the third quarter worth approximately $16,245,000. Stifel Financial Corp acquired a new stake in shares of QXO during the third quarter valued at approximately $568,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of QXO by 4,376.7% in the 4th quarter. Pittenger & Anderson Inc. now owns 20,145 shares of the company's stock valued at $320,000 after acquiring an additional 19,695 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.
QXO Price Performance
NASDAQ QXO traded up $0.44 on Wednesday, hitting $14.62. 1,898,613 shares of the stock were exchanged, compared to its average volume of 2,455,551. The company's 50-day moving average price is $13.25 and its two-hundred day moving average price is $14.75. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of -1.60, a P/E/G ratio of 4.09 and a beta of 2.35.
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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