Victory Capital Management Inc. acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 170,522 shares of the company’s stock, valued at approximately $2,711,000.
A number of other hedge funds also recently bought and sold shares of QXO. Finepoint Capital LP purchased a new stake in shares of QXO in the third quarter worth approximately $406,090,000. Geode Capital Management LLC increased its holdings in QXO by 64,992.4% in the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock worth $45,019,000 after buying an additional 2,849,269 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in QXO during the third quarter valued at approximately $32,559,000. Charles Schwab Investment Management Inc. grew its holdings in QXO by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company’s stock valued at $24,553,000 after purchasing an additional 14,073 shares during the last quarter. Finally, State Street Corp acquired a new position in QXO during the third quarter valued at approximately $16,245,000. 58.68% of the stock is owned by hedge funds and other institutional investors.
QXO Stock Up 1.3 %
Shares of QXO stock opened at $12.81 on Monday. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The business’s 50 day moving average is $13.60 and its two-hundred day moving average is $14.81. The company has a market cap of $5.24 billion, a PE ratio of -1.40, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35.
QXO Profile
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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