QXO, Inc. (NASDAQ:QXO) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its stake in QXO, Inc. (NASDAQ:QXO) by 24.0% during the 4th quarter, HoldingsChannel reports. The fund owned 15,834 shares of the company’s stock after buying an additional 3,064 shares during the period. Simon Quick Advisors LLC’s holdings in QXO were worth $252,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QXO. Finepoint Capital LP acquired a new stake in shares of QXO during the 3rd quarter valued at approximately $406,090,000. Geode Capital Management LLC raised its holdings in shares of QXO by 64,992.4% during the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock worth $45,019,000 after purchasing an additional 2,849,269 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of QXO in the 3rd quarter valued at about $42,593,000. Driehaus Capital Management LLC bought a new position in QXO in the second quarter worth about $160,859,000. Finally, Millennium Management LLC bought a new stake in shares of QXO in the 2nd quarter worth approximately $159,247,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Price Performance

NASDAQ:QXO opened at $13.77 on Friday. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The business has a 50 day simple moving average of $15.85 and a 200 day simple moving average of $19.71. The firm has a market capitalization of $5.64 billion, a P/E ratio of -1.51, a P/E/G ratio of 3.50 and a beta of 2.32.

Insider Activity

In other news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of QXO stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 51.30% of the company’s stock.

QXO 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.