Lighthouse Investment Partners LLC increased its holdings in shares of QXO, Inc. (NASDAQ:QXO – Free Report) by 37.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,000 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in QXO were worth $1,749,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of QXO. Federated Hermes Inc. bought a new stake in shares of QXO during the fourth quarter worth approximately $50,532,000. Vanguard Group Inc. raised its holdings in QXO by 24.6% in the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company’s stock worth $159,634,000 after purchasing an additional 1,979,147 shares during the period. JPMorgan Chase & Co. raised its holdings in QXO by 523.9% in the fourth quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company’s stock worth $13,959,000 after purchasing an additional 737,192 shares during the period. Swiss National Bank acquired a new stake in QXO in the fourth quarter worth $10,884,000. Finally, Barrier Capital Management LLC raised its holdings in QXO by 94.0% in the fourth quarter. Barrier Capital Management LLC now owns 1,227,411 shares of the company’s stock worth $19,516,000 after purchasing an additional 594,604 shares during the period. 58.68% of the stock is owned by institutional investors.
QXO Stock Performance
QXO opened at $15.68 on Wednesday. The firm’s fifty day moving average is $13.47 and its two-hundred day moving average is $14.44. The firm has a market cap of $7.01 billion, a PE ratio of -1.72, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.
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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