First Eagle Investment Management LLC Sells 52,100 Shares of Rxo Inc $RXO

First Eagle Investment Management LLC cut its holdings in Rxo Inc (NYSE:RXO) by 14.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,975 shares of the company’s stock after selling 52,100 shares during the period. First Eagle Investment Management LLC’s holdings in RXO were worth $4,999,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the first quarter worth about $30,000. Larson Financial Group LLC raised its stake in shares of RXO by 1,990.2% in the 1st quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock valued at $33,000 after acquiring an additional 1,632 shares in the last quarter. AlphaQuest LLC acquired a new stake in RXO in the 2nd quarter worth approximately $29,000. CWM LLC boosted its position in RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company’s stock worth $36,000 after purchasing an additional 1,315 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in RXO by 25.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock worth $54,000 after purchasing an additional 688 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Price Performance

Shares of RXO stock opened at $12.47 on Friday. Rxo Inc has a 12 month low of $12.16 and a 12 month high of $31.11. The company has a market capitalization of $2.04 billion, a P/E ratio of -28.99, a P/E/G ratio of 7.86 and a beta of 1.67. The stock has a 50 day moving average of $16.70 and a two-hundred day moving average of $16.04. The company has a current ratio of 1.32, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

RXO (NYSE:RXO) last issued its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, equities analysts expect that Rxo Inc will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Truist Financial cut their target price on shares of RXO from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a report on Wednesday, October 8th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Wednesday, October 22nd. Finally, Zacks Research cut RXO from a “hold” rating to a “strong sell” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $16.85.

About RXO

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.