Barrier Capital Management LLC Acquires 594,604 Shares of QXO, Inc. (NASDAQ:QXO)

Barrier Capital Management LLC lifted its holdings in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 94.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,227,411 shares of the company's stock after buying an additional 594,604 shares during the period. QXO comprises about 15.7% of Barrier Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Barrier Capital Management LLC owned about 0.30% of QXO worth $19,516,000 at the end of the most recent quarter.

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

QXO Stock Performance

Shares of QXO traded down $0.08 during trading hours on Wednesday, reaching $13.32. The stock had a trading volume of 6,396,257 shares, compared to its average volume of 2,514,129. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The stock has a market capitalization of $5.95 billion, a PE ratio of -1.46, a PEG ratio of 4.09 and a beta of 2.27. The company's 50-day moving average is $13.34 and its two-hundred day moving average is $14.47.

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.