QXO, Inc. (NASDAQ:QXO) Shares Sold by MFN Partners Management LP

MFN Partners Management LP lowered its holdings in QXO, Inc. (NASDAQ:QXO) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,908,701 shares of the company’s stock after selling 7,000,000 shares during the quarter. QXO comprises about 14.7% of MFN Partners Management LP’s investment portfolio, making the stock its 2nd largest position. MFN Partners Management LP owned 11.46% of QXO worth $745,848,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in QXO. Brown Brothers Harriman & Co. acquired a new position in shares of QXO during the 3rd quarter worth about $41,000. SG Americas Securities LLC grew its position in shares of QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets bought a new position in QXO during the 3rd quarter worth $166,000. Entropy Technologies LP acquired a new position in shares of QXO in the fourth quarter valued at about $169,000. Finally, Wexford Capital LP acquired a new stake in shares of QXO in the third quarter valued at approximately $189,000. Institutional investors own 58.68% of the company’s stock.

QXO Stock Performance

Shares of QXO stock opened at $13.78 on Friday. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The company has a market cap of $5.64 billion, a PE ratio of -1.51, a P/E/G ratio of 4.09 and a beta of 2.35. The stock’s fifty day moving average price is $13.25 and its two-hundred day moving average price is $14.77.

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.