SG Americas Securities LLC Increases Holdings in QXO, Inc. (NASDAQ:QXO)

SG Americas Securities LLC increased its stake in QXO, Inc. (NASDAQ:QXO) by 45.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,544 shares of the company’s stock after buying an additional 3,000 shares during the quarter. SG Americas Securities LLC’s holdings in QXO were worth $152,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Finepoint Capital LP purchased a new position in shares of QXO during the 3rd quarter valued at $406,090,000. Geode Capital Management LLC raised its stake in QXO by 64,992.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock valued at $45,019,000 after acquiring an additional 2,849,269 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in QXO during the third quarter valued at about $42,593,000. Massachusetts Financial Services Co. MA purchased a new stake in QXO during the third quarter valued at about $32,559,000. Finally, Charles Schwab Investment Management Inc. bought a new position in QXO during the third quarter worth about $24,130,000. Institutional investors own 58.68% of the company’s stock.

QXO Stock Up 1.0 %

NASDAQ QXO opened at $13.42 on Tuesday. The firm has a market cap of $5.49 billion, a P/E ratio of -1.47, a price-to-earnings-growth ratio of 3.39 and a beta of 2.27. The company’s 50 day moving average is $15.23 and its 200-day moving average is $16.02. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00.

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.