QXO, Inc. $QXO Shares Acquired by Lionstone Capital Management LLC

Lionstone Capital Management LLC lifted its position in QXO, Inc. (NYSE:QXO) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,332,662 shares of the company’s stock after buying an additional 211,450 shares during the quarter. QXO makes up 10.4% of Lionstone Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Lionstone Capital Management LLC’s holdings in QXO were worth $44,997,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arax Advisory Partners purchased a new position in QXO during the 4th quarter valued at about $25,000. LRI Investments LLC lifted its position in shares of QXO by 129.1% during the fourth quarter. LRI Investments LLC now owns 1,482 shares of the company’s stock worth $29,000 after purchasing an additional 835 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of QXO by 57.5% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,575 shares of the company’s stock worth $30,000 after purchasing an additional 575 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of QXO in the second quarter valued at approximately $30,000. Finally, Allworth Financial LP grew its holdings in shares of QXO by 66.9% in the third quarter. Allworth Financial LP now owns 2,028 shares of the company’s stock valued at $39,000 after purchasing an additional 813 shares in the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

Analyst Upgrades and Downgrades

QXO has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating on shares of QXO in a research note on Friday, February 20th. KeyCorp increased their price objective on QXO from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Oppenheimer lifted their target price on QXO from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Zacks Research raised QXO from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada cut their price target on QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Fifteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.14.

QXO Price Performance

Shares of QXO opened at $16.96 on Wednesday. QXO, Inc. has a twelve month low of $14.75 and a twelve month high of $27.61. The firm’s fifty day simple moving average is $18.76 and its 200-day simple moving average is $21.00. The firm has a market capitalization of $12.30 billion, a price-to-earnings ratio of -18.64, a PEG ratio of 4.28 and a beta of 2.30. The company has a current ratio of 3.33, a quick ratio of 2.47 and a debt-to-equity ratio of 0.35.

QXO (NYSE:QXO) last issued its earnings results on Tuesday, May 12th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.The company’s quarterly revenue was up 12716.3% compared to the same quarter last year. Equities analysts forecast that QXO, Inc. will post 0.2 EPS for the current fiscal year.

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. It also offers value-added services that focuses on consulting and professional, specialized programming, training, and technical support services. In addition, the company provides information technology managed services, such as cybersecurity, application hosting, disaster recovery, business continuity, cloud, and other services; and data back-up, network maintenance, and upgrade services.