Kettle Hill Capital Management LLC Takes Position in Rxo Inc $RXO

Kettle Hill Capital Management LLC acquired a new stake in Rxo Inc (NYSE:RXO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,015 shares of the company’s stock, valued at approximately $1,719,000.

Several other institutional investors have also modified their holdings of RXO. Royal Bank of Canada lifted its holdings in shares of RXO by 14.3% in the first quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock valued at $444,000 after buying an additional 2,902 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in RXO by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock valued at $1,813,000 after buying an additional 4,134 shares during the period. Geneos Wealth Management Inc. acquired a new position in RXO during the first quarter valued at $30,000. Strs Ohio acquired a new position in RXO during the first quarter valued at $97,000. Finally, Quantbot Technologies LP acquired a new position in RXO in the 2nd quarter worth about $245,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Price Performance

Shares of NYSE:RXO opened at $27.53 on Tuesday. The business has a 50 day moving average price of $21.57 and a 200 day moving average price of $16.92. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $29.86. The company has a market cap of $4.54 billion, a price-to-earnings ratio of -45.14, a PEG ratio of 30.10 and a beta of 2.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

RXO (NYSE:RXO) last announced its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts predict that Rxo Inc will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RXO has been the topic of several research reports. Barclays upped their target price on RXO from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Zacks Research upgraded RXO from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. TD Cowen upped their price target on RXO from $14.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.08.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.