Rxo Inc $RXO Stock: Penn Capital Management Company LLC Increases Holdings

Penn Capital Management Company LLC raised its position in Rxo Inc (NYSE:RXO) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,037,302 shares of the company’s stock after buying an additional 62,339 shares during the quarter. RXO comprises about 1.5% of Penn Capital Management Company LLC’s portfolio, making the stock its 10th largest holding. Penn Capital Management Company LLC’s holdings in RXO were worth $21,266,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RXO. Maple Rock Capital Partners Inc. acquired a new position in shares of RXO in the 2nd quarter valued at approximately $71,283,000. Dimensional Fund Advisors LP boosted its position in shares of RXO by 32.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock worth $29,949,000 after acquiring an additional 504,955 shares in the last quarter. Emerald Advisers LLC boosted its position in shares of RXO by 434,029.7% during the 1st quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock worth $6,410,000 after acquiring an additional 438,370 shares in the last quarter. Bank of America Corp DE boosted its position in shares of RXO by 128.6% during the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock worth $10,586,000 after acquiring an additional 407,285 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in RXO in the first quarter valued at approximately $4,034,000. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RXO has been the subject of several research analyst reports. Susquehanna boosted their price objective on shares of RXO from $19.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Benchmark restated a “hold” rating on shares of RXO in a research note on Tuesday, July 28th. Jefferies Financial Group downgraded RXO from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Tuesday, October 6th. William Blair set a $30.00 price target on RXO in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price target on RXO in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.32.

RXO Trading Up 1.1%

NYSE RXO opened at $27.91 on Tuesday. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -54.73 and a beta of 1.96. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $29.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $24.47 and its 200 day moving average is $21.40.

RXO (NYSE:RXO) last issued its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. RXO had a negative return on equity of 0.07% and a negative net margin of 1.35%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts expect that Rxo Inc will post 0.16 EPS for the current fiscal year.

RXO Profile