Stifel Financial Corp Purchases Shares of 36,013 QXO, Inc. (NASDAQ:QXO)

Stifel Financial Corp purchased a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,013 shares of the company's stock, valued at approximately $568,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA raised its position in QXO by 2,000.0% in the third 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 period. Brown Brothers Harriman & Co. acquired a new stake in shares of QXO during the 3rd quarter worth about $41,000. Gainplan LLC purchased a new stake in QXO in the 3rd quarter valued at about $55,000. SG Americas Securities LLC acquired a new position in QXO in the third quarter valued at about $103,000. Finally, Claro Advisors LLC purchased a new position in QXO during the third quarter worth about $111,000. Institutional investors and hedge funds own 58.68% of the company's stock.

QXO Stock Performance

Shares of QXO traded down $0.32 during trading on Friday, reaching $15.56. 1,063,858 shares of the company traded hands, compared to its average volume of 1,183,511. The business's 50-day moving average is $16.01. The firm has a market cap of $6.37 billion, a PE ratio of -1.71 and a beta of 2.32. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.

Insider Activity at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the sale, the insider now directly owns 46,908,701 shares in the company, valued at $705,975,950.05. This represents a 12.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 51.30% of the company's stock.

QXO Company Profile

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.