Renaissance Technologies LLC Cuts Holdings in QXO, Inc. (NASDAQ:QXO)

Renaissance Technologies LLC lowered its position in QXO, Inc. (NASDAQ:QXO) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 929,900 shares of the company’s stock after selling 293,000 shares during the quarter. Renaissance Technologies LLC owned 0.23% of QXO worth $14,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC lifted its holdings in shares of QXO by 1.3% during the 4th quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock valued at $1,844,000 after acquiring an additional 1,497 shares in the last quarter. Wellington Shields & Co. LLC lifted its stake in shares of QXO by 2.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 75,000 shares of the company’s stock worth $1,192,000 after purchasing an additional 1,500 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after purchasing an additional 3,000 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of QXO by 23.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company’s stock valued at $253,000 after buying an additional 3,050 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of QXO by 24.0% during the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company’s stock valued at $252,000 after buying an additional 3,064 shares during the period. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Stock Up 4.5 %

NASDAQ QXO opened at $14.54 on Tuesday. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The business has a 50 day moving average price of $13.23 and a two-hundred day moving average price of $14.65. The stock has a market cap of $5.95 billion, a PE ratio of -1.59, a P/E/G ratio of 4.09 and a beta of 2.16.

About QXO

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.