Hauser Brothers GmbH Takes $1.58 Million Position in QXO, Inc. (NASDAQ:QXO)

Hauser Brothers GmbH acquired a new position in QXO, Inc. (NASDAQ:QXO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 99,985 shares of the company’s stock, valued at approximately $1,577,000. QXO accounts for approximately 1.2% of Hauser Brothers GmbH’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in QXO during the 3rd quarter valued at $1,492,000. Concentric Capital Strategies LP purchased a new position in shares of QXO during the third quarter valued at approximately $1,693,000. Arizona PSPRS Trust purchased a new stake in QXO in the 3rd quarter worth approximately $2,099,000. Townsquare Capital LLC purchased a new stake in shares of QXO in the third quarter worth approximately $276,000. Finally, BNP Paribas Financial Markets bought a new position in QXO in the third quarter worth approximately $166,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Stock Up 4.1 %

NASDAQ QXO opened at $17.32 on Tuesday. The company has a 50 day moving average price of $15.55. The stock has a market cap of $7.09 billion, a P/E ratio of -1.90, a P/E/G ratio of 2.60 and a beta of 2.32. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00.

Insiders Place Their Bets

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of QXO stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total value of $105,350,000.00. Following the sale, the insider now owns 46,908,701 shares of the company’s stock, valued at approximately $705,975,950.05. The trade was a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 51.30% 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.