Man Group plc acquired a new position in QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 161,698 shares of the company's stock, valued at approximately $2,571,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QXO. SG Americas Securities LLC raised its position in shares of QXO by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after buying an additional 3,000 shares in the last quarter. Invesco Ltd. acquired a new position in shares of QXO during the fourth quarter valued at approximately $164,000. Entropy Technologies LP bought a new stake in QXO during the fourth quarter worth approximately $169,000. Wealth Effects LLC acquired a new stake in QXO in the fourth quarter worth approximately $191,000. Finally, Provident Wealth Management LLC acquired a new stake in QXO in the fourth quarter worth approximately $198,000. 58.68% of the stock is owned by institutional investors.
QXO Stock Performance
Shares of QXO stock traded down $0.01 during mid-day trading on Friday, hitting $16.81. 11,426,734 shares of the stock traded hands, compared to its average volume of 2,812,027. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of -1.84, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. The company's 50-day simple moving average is $14.11 and its 200-day simple moving average is $14.53.
About QXO
(
Free Report)
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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