Orion Portfolio Solutions LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,078 shares of the company's stock, valued at approximately $963,000.
A number of other hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA grew its stake in QXO by 2,000.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock valued at $33,000 after acquiring an additional 2,000 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of QXO in the third quarter valued at approximately $41,000. Gainplan LLC purchased a new position in QXO during the third quarter worth approximately $55,000. Renaissance Technologies LLC acquired a new position in QXO during the second quarter worth $432,000. Finally, SG Americas Securities LLC purchased a new stake in QXO in the 3rd quarter valued at $103,000. Institutional investors and hedge funds own 58.68% of the company's stock.
Insider Activity
In related news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total value of $105,350,000.00. Following the sale, the insider now directly owns 46,908,701 shares in the company, valued at approximately $705,975,950.05. The trade was a 12.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 51.30% of the company's stock.
QXO Stock Up 5.1 %
Shares of QXO stock traded up $0.82 on Monday, hitting $16.96. 1,835,439 shares of the stock traded hands, compared to its average volume of 1,149,344. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The company has a market capitalization of $6.94 billion, a PE ratio of -1.77 and a beta of 2.32. The company's 50-day moving average price is $15.87.
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.
Featured Articles
Before you consider QXO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QXO wasn't on the list.
While QXO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
