Squarepoint Ops LLC Has $4.63 Million Stake in QXO, Inc. (NASDAQ:QXO)

Squarepoint Ops LLC grew its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 173.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291,054 shares of the company's stock after purchasing an additional 184,453 shares during the quarter. Squarepoint Ops LLC owned approximately 0.07% of QXO worth $4,628,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of QXO by 45.8% during 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. Toronto Dominion Bank bought a new stake in QXO in the fourth quarter worth approximately $159,000. Invesco Ltd. bought a new stake in QXO in the fourth quarter worth approximately $164,000. Entropy Technologies LP bought a new stake in QXO in the fourth quarter worth approximately $169,000. Finally, Wealth Effects LLC bought a new stake in QXO in the fourth quarter worth approximately $191,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Trading Down 0.1%

QXO stock traded down $0.02 during mid-day trading on Friday, reaching $17.10. The company's stock had a trading volume of 1,386,174 shares, compared to its average volume of 2,861,523. The company has a market cap of $8.93 billion, a price-to-earnings ratio of -1.87, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. The business's 50 day moving average price is $14.40 and its 200 day moving average price is $14.57. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00.

QXO Company 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.