Raymond James Financial Inc. bought a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 77,652 shares of the company's stock, valued at approximately $1,235,000.
Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake 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 period. Invesco Ltd. acquired a new stake in QXO in the 4th quarter valued at about $164,000. Entropy Technologies LP purchased a new position in shares of QXO during the fourth quarter valued at $169,000. Wealth Effects LLC acquired a new stake in shares of QXO in the fourth quarter worth about $191,000. Finally, Provident Wealth Management LLC bought a new stake in shares of QXO during the fourth quarter valued at approximately $198,000. 58.68% of the stock is owned by institutional investors and hedge funds.
QXO Trading Down 0.1 %
Shares of NASDAQ:QXO traded down $0.01 during trading on Friday, hitting $13.88. 725,453 shares of the company's stock were exchanged, compared to its average volume of 2,507,295. The firm has a 50-day moving average price of $13.38 and a two-hundred day moving average price of $14.45. The firm has a market cap of $6.21 billion, a P/E ratio of -1.52, a PEG ratio of 4.09 and a beta of 2.27. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00.
QXO 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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