Lighthouse Investment Partners LLC increased its stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,000 shares of the company's stock after purchasing an additional 30,000 shares during the period. Lighthouse Investment Partners LLC's holdings in QXO were worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its holdings in QXO by 3.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,886,193 shares of the company's stock valued at $173,091,000 after acquiring an additional 312,299 shares during the last quarter. Vanguard Group Inc. raised its holdings in QXO by 24.6% in the 4th quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock valued at $159,634,000 after acquiring an additional 1,979,147 shares during the last quarter. Federated Hermes Inc. acquired a new stake in QXO in the 4th quarter valued at about $50,532,000. Charles Schwab Investment Management Inc. raised its holdings in QXO by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company's stock valued at $24,553,000 after acquiring an additional 14,073 shares during the last quarter. Finally, Tsai Capital Corp raised its holdings in QXO by 6.3% in the 4th quarter. Tsai Capital Corp now owns 1,275,007 shares of the company's stock valued at $20,273,000 after acquiring an additional 75,007 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Up 3.4%
Shares of QXO stock traded up $0.56 during mid-day trading on Friday, hitting $16.83. The stock had a trading volume of 4,699,513 shares, compared to its average volume of 2,572,309. The firm has a 50-day moving average of $13.66 and a two-hundred day moving average of $14.46. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The firm has a market cap of $7.52 billion, a P/E ratio of -1.85, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27.
QXO Company Profile
(
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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