Wellington Shields & Co. LLC Increases Stock Holdings in QXO, Inc. (NASDAQ:QXO)

Wellington Shields & Co. LLC raised its stake in QXO, Inc. (NASDAQ:QXO) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Wellington Shields & Co. LLC’s holdings in QXO were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of QXO. Brown Brothers Harriman & Co. purchased a new position in shares of QXO in the 3rd quarter valued at approximately $41,000. SG Americas Securities LLC boosted its stake in shares of QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after buying an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of QXO in the third quarter valued at approximately $166,000. Entropy Technologies LP purchased a new stake in shares of QXO in the fourth quarter valued at approximately $169,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of QXO in the third quarter valued at approximately $186,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Price Performance

QXO stock opened at $12.81 on Friday. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a market cap of $5.24 billion, a PE ratio of -1.40, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. The stock’s 50 day moving average price is $13.60 and its 200 day moving average price is $14.81.

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.