Stifel Financial Corp Makes New Investment in QXO, Inc. (NASDAQ:QXO)

Stifel Financial Corp bought a new stake in shares of QXO, Inc. (NASDAQ:QXO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,013 shares of the company’s stock, valued at approximately $568,000.

A number of other large investors have also recently modified their holdings of QXO. Compagnie Lombard Odier SCmA raised its holdings in QXO by 2,000.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock worth $33,000 after purchasing an additional 2,000 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of QXO in the 3rd quarter worth about $41,000. Gainplan LLC purchased a new stake in shares of QXO in the 3rd quarter worth about $55,000. SG Americas Securities LLC bought a new position in shares of QXO in the 3rd quarter worth about $103,000. Finally, Claro Advisors LLC purchased a new position in QXO during the 3rd quarter valued at about $111,000. Institutional investors own 58.68% of the company’s stock.

QXO Trading Up 1.3 %

Shares of QXO opened at $15.88 on Friday. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The business has a 50-day simple moving average of $16.00. The stock has a market capitalization of $6.50 billion, a PE ratio of -1.74 and a beta of 2.32.

Insider Transactions at QXO

In other news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the completion of the transaction, the insider now directly owns 46,908,701 shares in the company, valued at $705,975,950.05. This trade represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 51.30% of the company’s stock.

About QXO

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.