Gainplan LLC acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,500 shares of the company’s stock, valued at approximately $55,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC bought a new stake in QXO during the 2nd quarter valued at about $160,859,000. Millennium Management LLC bought a new stake in shares of QXO in the 2nd quarter valued at about $159,247,000. SG Americas Securities LLC bought a new stake in shares of QXO in the 3rd quarter valued at about $103,000. Finally, Renaissance Technologies LLC bought a new stake in shares of QXO in the 2nd quarter valued at about $432,000. Institutional investors own 58.68% of the company’s stock.
Insider Buying and Selling at QXO
In other QXO news, major shareholder Mfn Partners, Lp sold 795,894 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 90.60% of the stock is currently owned by company insiders.
QXO Price Performance
QXO (NASDAQ:QXO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $3.22 earnings per share (EPS) for the quarter. QXO had a negative net margin of 3.75% and a positive return on equity of 0.51%. The firm had revenue of $14.54 million for the quarter. Equities research analysts forecast that QXO, Inc. will post 0.32 EPS for the current year.
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.
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