Bryce Point Capital LLC Takes Position in RXO, Inc. (NYSE:RXO)

Bryce Point Capital LLC acquired a new position in shares of RXO, Inc. (NYSE:RXO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 81,791 shares of the company’s stock, valued at approximately $1,950,000. RXO accounts for about 0.6% of Bryce Point Capital LLC’s holdings, making the stock its 13th largest holding. Bryce Point Capital LLC owned 0.05% of RXO at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in RXO by 439.5% during the 3rd quarter. FMR LLC now owns 47,837 shares of the company’s stock valued at $1,339,000 after purchasing an additional 38,970 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of RXO by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock valued at $51,138,000 after buying an additional 76,653 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of RXO in the fourth quarter valued at about $2,004,000. Victory Capital Management Inc. grew its position in RXO by 11.6% during the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock worth $20,248,000 after buying an additional 88,110 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in RXO by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock valued at $7,618,000 after acquiring an additional 113,685 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

RXO has been the topic of several analyst reports. Truist Financial began coverage on RXO in a research note on Thursday, March 13th. They issued a “buy” rating and a $24.00 price objective on the stock. Susquehanna dropped their target price on shares of RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus lowered their target price on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company dropped their target price on RXO from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Finally, Barclays lowered their price objective on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RXO has an average rating of “Hold” and an average target price of $25.33.

RXO Price Performance

Shares of NYSE RXO opened at $18.93 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The business has a 50-day moving average of $21.05 and a 200-day moving average of $25.09. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -8.93, a PEG ratio of 4.55 and a beta of 1.67. RXO, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $32.82.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, sell-side analysts predict that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.