Victory Capital Management Inc. Invests $2.71 Million in QXO, Inc. (NASDAQ:QXO)

Victory Capital Management Inc. bought a new position in QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 170,522 shares of the company's stock, valued at approximately $2,711,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in QXO in the 3rd quarter worth approximately $2,219,000. Advyzon Investment Management LLC bought a new stake in shares of QXO in the fourth quarter worth $527,000. Finepoint Capital LP purchased a new stake in QXO during the third quarter valued at $406,090,000. Summit Trail Advisors LLC bought a new position in QXO in the third quarter valued at about $1,805,000. Finally, State Street Corp purchased a new position in QXO in the third quarter worth about $16,245,000. Institutional investors own 58.68% of the company's stock.

QXO Trading Up 3.0 %

NASDAQ QXO traded up $0.40 during trading hours on Thursday, hitting $13.45. 6,617,837 shares of the company's stock traded hands, compared to its average volume of 2,067,864. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm has a market capitalization of $5.50 billion, a P/E ratio of -1.47, a P/E/G ratio of 4.09 and a beta of 2.35. The business's fifty day moving average price is $13.43 and its two-hundred day moving average price is $14.79.

QXO 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.