Marshall Wace LLP lifted its stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 2,695.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,480 shares of the company's stock after purchasing an additional 323,480 shares during the period. Marshall Wace LLP owned 0.08% of QXO worth $5,334,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. Invesco Ltd. bought a new position in QXO in the 4th quarter worth approximately $164,000. Entropy Technologies LP bought a new position in QXO in the 4th quarter worth approximately $169,000. Wealth Effects LLC purchased a new position in QXO in the 4th quarter valued at approximately $191,000. Finally, Provident Wealth Management LLC purchased a new stake in shares of QXO during the fourth quarter worth $198,000. Institutional investors own 58.68% of the company's stock.
QXO Stock Performance
QXO stock traded down $0.06 during midday trading on Tuesday, reaching $13.37. 579,606 shares of the stock were exchanged, compared to its average volume of 3,156,586. The company's fifty day moving average is $13.20 and its 200-day moving average is $14.54. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm has a market cap of $5.98 billion, a PE ratio of -1.47, a PEG ratio of 4.09 and a beta of 2.16.
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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