Simon Quick Advisors LLC Grows Stock Holdings in QXO, Inc. (NASDAQ:QXO)

Simon Quick Advisors LLC grew its holdings in shares of QXO, Inc. (NASDAQ:QXO) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,834 shares of the company’s stock after purchasing an additional 3,064 shares during the quarter. Simon Quick Advisors LLC’s holdings in QXO were worth $252,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in QXO during the 3rd quarter worth approximately $2,219,000. Finepoint Capital LP acquired a new stake in shares of QXO in the third quarter worth $406,090,000. State Street Corp purchased a new position in shares of QXO in the 3rd quarter valued at $16,245,000. Driehaus Capital Management LLC acquired a new position in shares of QXO during the 2nd quarter valued at $160,859,000. Finally, Summit Trail Advisors LLC purchased a new stake in QXO during the 3rd quarter worth $1,805,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Price Performance

NASDAQ:QXO opened at $13.77 on Friday. The business’s 50-day moving average is $15.85 and its two-hundred day moving average is $19.71. The firm has a market capitalization of $5.64 billion, a PE ratio of -1.51, a price-to-earnings-growth ratio of 3.50 and a beta of 2.32. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00.

Insider Activity at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total value of $105,350,000.00. Following the completion of the transaction, the insider now directly owns 46,908,701 shares of the company’s stock, valued at $705,975,950.05. This represents a 12.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 51.30% of the company’s stock.

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.