683 Capital Management LLC Makes New $669,000 Investment in QXO, Inc. (NASDAQ:QXO)

683 Capital Management LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,050 shares of the company's stock, valued at approximately $669,000.

Several other institutional investors and hedge funds have also made changes to their positions in QXO. SG Americas Securities LLC lifted its stake in QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after buying an additional 3,000 shares during the last quarter. Invesco Ltd. purchased a new stake in QXO in the 4th quarter valued at $164,000. Entropy Technologies LP acquired a new stake in QXO during the 4th quarter worth $169,000. Wealth Effects LLC acquired a new stake in QXO during the 4th quarter worth $191,000. Finally, Provident Wealth Management LLC purchased a new position in QXO during the 4th quarter worth $198,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Price Performance

Shares of NASDAQ:QXO traded up $1.00 on Friday, reaching $14.22. The company's stock had a trading volume of 7,962,853 shares, compared to its average volume of 2,495,101. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00. The stock's 50-day moving average is $13.28 and its two-hundred day moving average is $14.49. The stock has a market capitalization of $6.36 billion, a P/E ratio of -1.56, a PEG ratio of 4.09 and a beta of 2.16.

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.