GAMMA Investing LLC Has $50,000 Stock Holdings in RXO, Inc. (NYSE:RXO)

GAMMA Investing LLC raised its holdings in RXO, Inc. (NYSE:RXO) by 40.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,784 shares of the company’s stock after acquiring an additional 510 shares during the quarter. GAMMA Investing LLC’s holdings in RXO were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Douglas Lane & Associates LLC lifted its stake in shares of RXO by 2.6% in the first quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company’s stock worth $57,871,000 after buying an additional 66,757 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of RXO by 433.8% in the first quarter. GSA Capital Partners LLP now owns 56,002 shares of the company’s stock worth $1,225,000 after buying an additional 45,510 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in RXO during the first quarter worth $542,000. Boston Partners increased its position in RXO by 150.0% during the first quarter. Boston Partners now owns 42,526 shares of the company’s stock worth $930,000 after acquiring an additional 25,519 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in RXO by 225.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company’s stock worth $2,380,000 after acquiring an additional 75,395 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Stock Down 1.1 %

Shares of NYSE RXO opened at $29.27 on Friday. The firm’s 50-day simple moving average is $27.78 and its 200 day simple moving average is $24.86. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -162.60, a price-to-earnings-growth ratio of 13.18 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. RXO, Inc. has a 12-month low of $16.94 and a 12-month high of $32.82.

RXO (NYSE:RXO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, research analysts expect that RXO, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. TD Cowen boosted their target price on shares of RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Citigroup initiated coverage on shares of RXO in a research report on Wednesday, October 9th. They set a “buy” rating and a $33.00 target price on the stock. Benchmark reissued a “hold” rating on shares of RXO in a report on Tuesday. Finally, Morgan Stanley boosted their price target on shares of RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, RXO presently has an average rating of “Hold” and a consensus price target of $26.23.

RXO Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.