75,000 Shares in QXO, Inc. (NASDAQ:QXO) Acquired by Burkehill Global Management LP

Burkehill Global Management LP bought a new stake in QXO, Inc. (NASDAQ:QXO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the company’s stock, valued at approximately $1,192,000.

Several other large investors also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in shares of QXO during the 3rd quarter valued at $41,000. SG Americas Securities LLC increased its position in QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after buying an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets bought a new position in QXO during the third quarter valued at about $166,000. Entropy Technologies LP bought a new position in QXO during the fourth quarter valued at about $169,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of QXO in the third quarter worth about $186,000. 58.68% of the stock is owned by institutional investors.

QXO Stock Performance

QXO opened at $12.60 on Thursday. The stock has a 50-day moving average of $13.71 and a 200-day moving average of $14.84. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00. The company has a market cap of $5.16 billion, a PE ratio of -1.38, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35.

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.