SG Americas Securities LLC Takes $103,000 Position in QXO, Inc. (NASDAQ:QXO)

SG Americas Securities LLC acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,544 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in QXO during the 2nd quarter worth approximately $160,859,000. Millennium Management LLC acquired a new stake in shares of QXO in the second quarter valued at approximately $159,247,000. Finally, Renaissance Technologies LLC bought a new stake in shares of QXO in the second quarter worth $432,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Insider Transactions at QXO

In related news, major shareholder Mfn Partners, Lp sold 795,894 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $15.05, for a total value of $11,978,204.70. Following the completion of the transaction, the insider now directly owns 53,908,701 shares of the company’s stock, valued at approximately $811,325,950.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 90.60% of the company’s stock.

QXO Trading Up 1.4 %

QXO stock opened at $15.09 on Monday. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a fifty day simple moving average of $14.60. The company has a market capitalization of $6.18 billion, a P/E ratio of -8.57, a P/E/G ratio of 2.38 and a beta of 2.31.

QXO (NASDAQ:QXO) last released its earnings results on Wednesday, August 14th. The company reported $3.22 earnings per share (EPS) for the quarter. QXO had a positive return on equity of 0.51% and a negative net margin of 3.75%. The business had revenue of $14.54 million for the quarter. As a group, analysts predict that QXO, Inc. will post 0.32 earnings per share for the current fiscal year.

About QXO

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.