Hantz Financial Services Inc. Raises Holdings in RXO, Inc. (NYSE:RXO)

Hantz Financial Services Inc. increased its holdings in shares of RXO, Inc. (NYSE:RXO - Free Report) by 94.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,675 shares of the company's stock after buying an additional 13,434 shares during the quarter. Hantz Financial Services Inc.'s holdings in RXO were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in RXO in the third quarter worth about $28,000. Blue Trust Inc. boosted its stake in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after purchasing an additional 570 shares during the last quarter. GAMMA Investing LLC increased its stake in RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock valued at $50,000 after purchasing an additional 510 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock worth $43,000 after buying an additional 1,445 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Stock Performance

RXO traded up $0.74 on Tuesday, reaching $25.38. The stock had a trading volume of 1,163,350 shares, compared to its average volume of 967,012. The business's 50-day moving average price is $26.12 and its two-hundred day moving average price is $27.59. The company has a market cap of $4.08 billion, a P/E ratio of -12.82, a price-to-earnings-growth ratio of 3.98 and a beta of 1.53. RXO, Inc. has a 12-month low of $18.75 and a 12-month high of $32.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. RXO's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. Sell-side analysts forecast that RXO, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RXO. Wells Fargo & Company cut their target price on RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on RXO from $26.00 to $27.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Citigroup cut RXO from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a research note on Tuesday, November 12th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Finally, Susquehanna reduced their price target on shares of RXO from $16.00 to $12.00 and set a "negative" rating for the company in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, RXO presently has an average rating of "Hold" and a consensus price target of $26.79.

RXO Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.