Finepoint Capital LP trimmed its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,933,825 shares of the company's stock after selling 816,956 shares during the period. QXO makes up 24.2% of Finepoint Capital LP's portfolio, making the stock its biggest holding. Finepoint Capital LP owned approximately 6.09% of QXO worth $396,448,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QXO. SG Americas Securities LLC increased its stake in QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after acquiring an additional 3,000 shares during the period. BNP Paribas Financial Markets acquired a new stake in QXO during the third quarter worth $166,000. Entropy Technologies LP bought a new stake in QXO in the 4th quarter valued at $169,000. Wexford Capital LP acquired a new position in shares of QXO in the 3rd quarter valued at $189,000. Finally, Wealth Effects LLC acquired a new stake in shares of QXO during the 4th quarter valued at about $191,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Performance
Shares of QXO stock traded up $0.41 during trading hours on Friday, hitting $13.61. The company had a trading volume of 604,620 shares, compared to its average volume of 2,566,933. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of -1.49, a PEG ratio of 4.09 and a beta of 2.16. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The firm's fifty day moving average is $13.24 and its 200 day moving average is $14.67.
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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