Provident Wealth Management LLC acquired a new position in shares of QXO, Inc. (NASDAQ:QXO – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,461 shares of the company’s stock, valued at approximately $198,000.
Several other large investors have also recently added to or reduced their stakes in the business. Finepoint Capital LP purchased a new position in shares of QXO in the 3rd quarter worth about $406,090,000. Geode Capital Management LLC lifted its position in QXO by 64,992.4% during the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock valued at $45,019,000 after buying an additional 2,849,269 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in QXO during the third quarter worth approximately $32,559,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of QXO in the third quarter worth $24,130,000. Finally, State Street Corp purchased a new position in QXO in the third quarter valued at about $16,245,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.
QXO Stock Down 1.8 %
Shares of NASDAQ:QXO opened at $12.05 on Wednesday. The company has a 50 day moving average of $14.34 and a two-hundred day moving average of $14.81. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 4.09 and a beta of 2.28.
QXO Company 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.
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