Wealth Enhancement Advisory Services LLC purchased a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 59,204 shares of the company's stock, valued at approximately $934,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of QXO during the 2nd quarter worth approximately $432,000. Millennium Management LLC purchased a new stake in shares of QXO during the 2nd quarter worth approximately $159,247,000. Driehaus Capital Management LLC purchased a new stake in shares of QXO during the 2nd quarter worth approximately $160,859,000. SG Americas Securities LLC purchased a new stake in QXO in the 3rd quarter valued at $103,000. Finally, Gainplan LLC acquired a new stake in QXO during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Trading Down 0.9 %
NASDAQ QXO traded down $0.14 on Wednesday, hitting $15.25. 9,291,746 shares of the company's stock were exchanged, compared to its average volume of 939,533. The firm has a 50-day moving average price of $14.83. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00.
QXO (NASDAQ:QXO - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $3.22 earnings per share (EPS) for the quarter. QXO had a positive return on equity of 0.51% and a negative net margin of 3.75%. The company had revenue of $14.54 million for the quarter. Equities analysts forecast that QXO, Inc. will post 0.32 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other QXO news, major shareholder Mfn Partners, Lp sold 795,894 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $15.05, for a total transaction of $11,978,204.70. Following the transaction, the insider now owns 53,908,701 shares in the company, valued at approximately $811,325,950.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 90.60% of the stock is currently owned by insiders.
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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