Meridian Wealth Management LLC acquired a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,325 shares of the company's stock, valued at approximately $841,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA boosted its holdings in shares of QXO by 2,000.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock valued at $33,000 after purchasing an additional 2,000 shares during the last quarter. Gainplan LLC purchased a new position in QXO in the third quarter valued at about $55,000. SG Americas Securities LLC purchased a new position in QXO in the 3rd quarter worth approximately $103,000. Claro Advisors LLC acquired a new position in shares of QXO in the third quarter worth about $111,000. Finally, Diversify Wealth Management LLC bought a new stake in QXO in the third quarter valued at about $156,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.
QXO Trading Up 2.4 %
Shares of NASDAQ QXO traded up $0.40 during trading on Friday, reaching $17.04. The stock had a trading volume of 2,497,499 shares, compared to its average volume of 2,605,251. The stock has a 50 day simple moving average of $15.26. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The firm has a market capitalization of $6.98 billion, a PE ratio of -1.87, a PEG ratio of 2.60 and a beta of 2.32.
Insiders Place Their Bets
In other news, major shareholder Mfn Partners, Lp sold 795,894 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $15.05, for a total transaction of $11,978,204.70. Following the sale, the insider now directly owns 53,908,701 shares in the company, valued at approximately $811,325,950.05. This represents a 1.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 51.30% of the stock is owned by corporate insiders.
QXO Profile
(
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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