Liberty Mutual Group Asset Management Inc. Cuts Stock Position in QXO, Inc. (NASDAQ:QXO)

Liberty Mutual Group Asset Management Inc. reduced its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,082,787 shares of the company's stock after selling 20,057 shares during the quarter. QXO accounts for about 15.4% of Liberty Mutual Group Asset Management Inc.'s investment portfolio, making the stock its 4th biggest holding. Liberty Mutual Group Asset Management Inc. owned 1.00% of QXO worth $64,916,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC grew its position in QXO by 37.5% during the fourth quarter. Lighthouse Investment Partners LLC now owns 110,000 shares of the company's stock valued at $1,749,000 after buying an additional 30,000 shares during the period. Janus Henderson Group PLC purchased a new stake in QXO in the 4th quarter worth $2,506,000. Ensign Peak Advisors Inc purchased a new position in QXO in the 4th quarter worth approximately $1,049,000. Deutsche Bank AG bought a new position in shares of QXO during the fourth quarter worth $255,000. Finally, Cetera Investment Advisers lifted its position in shares of QXO by 219.1% in the fourth quarter. Cetera Investment Advisers now owns 37,602 shares of the company's stock worth $598,000 after buying an additional 25,818 shares in the last quarter. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Stock Performance

QXO stock traded up $0.24 during trading on Thursday, hitting $16.28. 2,620,289 shares of the company's stock traded hands, compared to its average volume of 2,563,250. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of -1.79, a P/E/G ratio of 4.09 and a beta of 2.27. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The business has a fifty day simple moving average of $13.53 and a 200 day simple moving average of $14.45.

QXO 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.