30,000 Shares in QXO, Inc. (NASDAQ:QXO) Bought by Jade Capital Advisors LLC

Jade Capital Advisors LLC purchased a new stake in QXO, Inc. (NASDAQ:QXO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA boosted its position in shares of QXO by 2,000.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock valued at $33,000 after purchasing an additional 2,000 shares in the last quarter. Gainplan LLC bought a new stake in shares of QXO during the 3rd quarter valued at $55,000. Renaissance Technologies LLC purchased a new stake in shares of QXO in the 2nd quarter worth about $432,000. SG Americas Securities LLC purchased a new stake in shares of QXO in the 3rd quarter worth about $103,000. Finally, Claro Advisors LLC bought a new position in shares of QXO in the 3rd quarter worth about $111,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QXO

In related news, major shareholder Mfn Partners, Lp sold 795,894 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $15.05, for a total value of $11,978,204.70. Following the transaction, the insider now owns 53,908,701 shares in the company, valued at $811,325,950.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 90.60% of the company’s stock.

QXO Price Performance

NASDAQ:QXO opened at $15.43 on Tuesday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of -1.25, a P/E/G ratio of 2.41 and a beta of 2.31. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The business’s 50-day simple moving average is $14.31.

QXO (NASDAQ:QXO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $3.22 earnings per share for the quarter. QXO had a positive return on equity of 0.51% and a negative net margin of 3.75%. The company had revenue of $14.54 million for the quarter. As a group, analysts anticipate that QXO, Inc. will post 0.32 earnings per share for the current year.

QXO Company 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.