Jade Capital Advisors LLC Acquires New Shares in QXO, Inc. (NASDAQ:QXO)

Jade Capital Advisors LLC bought a new position in QXO, Inc. (NASDAQ:QXO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 30,000 shares of the company’s stock, valued at approximately $473,000.

Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of QXO in the second quarter worth $432,000. Millennium Management LLC bought a new position in shares of QXO in the 2nd quarter worth approximately $159,247,000. Driehaus Capital Management LLC bought a new position in shares of QXO in the 2nd quarter worth approximately $160,859,000. SG Americas Securities LLC purchased a new position in shares of QXO in the third quarter worth approximately $103,000. Finally, Gainplan LLC bought a new stake in QXO during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Stock Up 0.2 %

QXO opened at $15.43 on Tuesday. The stock has a 50 day simple moving average of $14.31. The company has a market capitalization of $6.32 billion, a P/E ratio of -1.25, a PEG ratio of 2.41 and a beta of 2.31. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00.

QXO (NASDAQ:QXO) last announced its earnings results on Wednesday, August 14th. The company reported $3.22 EPS for the quarter. The company had revenue of $14.54 million for the quarter. QXO had a positive return on equity of 0.51% and a negative net margin of 3.75%. As a group, research analysts expect that QXO, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at QXO

In related news, major shareholder Mfn Partners, Lp sold 795,894 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $15.05, for a total transaction of $11,978,204.70. Following the completion of the transaction, the insider now directly owns 53,908,701 shares in the company, valued at approximately $811,325,950.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 90.60% of the company’s stock.

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.