Schonfeld Strategic Advisors LLC grew its stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 153.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,406 shares of the company's stock after buying an additional 39,030 shares during the period. Schonfeld Strategic Advisors LLC's holdings in QXO were worth $1,024,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in QXO by 45.8% in the 4th 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. purchased a new position in QXO during the fourth quarter worth about $164,000. Entropy Technologies LP acquired a new stake in QXO in the 4th quarter worth about $169,000. Wealth Effects LLC purchased a new position in shares of QXO during the 4th quarter worth about $191,000. Finally, Provident Wealth Management LLC acquired a new position in QXO during the fourth quarter worth approximately $198,000. 58.68% of the stock is owned by institutional investors and hedge funds.
QXO Stock Up 6.4%
Shares of NASDAQ QXO traded up $0.92 during trading on Tuesday, hitting $15.37. 2,285,420 shares of the company traded hands, compared to its average volume of 2,528,349. The firm has a market capitalization of $6.87 billion, a P/E ratio of -1.69, a P/E/G ratio of 4.09 and a beta of 2.27. The company has a 50-day moving average price of $13.42 and a 200-day moving average price of $14.43. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00.
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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