Renaissance Technologies LLC Takes $432,000 Position in QXO, Inc. (NASDAQ:QXO)

Renaissance Technologies LLC purchased a new position in shares of QXO, Inc. (NASDAQ:QXO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,020 shares of the company’s stock, valued at approximately $432,000. Renaissance Technologies LLC owned about 0.91% of QXO at the end of the most recent reporting period.

QXO Stock Performance

Shares of QXO stock opened at $14.97 on Friday. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of -8.51, a price-to-earnings-growth ratio of 2.18 and a beta of 2.31. The stock has a 50-day moving average price of $13.66.

QXO (NASDAQ:QXO) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $3.22 earnings per share (EPS) for the quarter. The firm had revenue of $14.54 million during the quarter. QXO had a negative net margin of 3.75% and a positive return on equity of 0.51%. On average, analysts expect that QXO, Inc. will post 0.32 EPS for the current year.

Insider Transactions at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 795,894 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 53,908,701 shares of the company’s stock, valued at approximately $811,325,950.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 90.60% 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.