Wellington Shields & Co. LLC lifted its holdings in shares of QXO, Inc. (NASDAQ:QXO – Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,000 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Wellington Shields & Co. LLC’s holdings in QXO were worth $1,192,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in QXO during the third quarter worth approximately $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 period. BNP Paribas Financial Markets acquired a new position in QXO during the third quarter worth approximately $166,000. Entropy Technologies LP acquired a new position in QXO during the fourth quarter worth approximately $169,000. Finally, CIBC Asset Management Inc acquired a new position in QXO during the third quarter worth approximately $186,000. Institutional investors and hedge funds own 58.68% of the company’s stock.
QXO Stock Up 1.3 %
QXO opened at $12.81 on Friday. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -1.40, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The business’s 50 day moving average is $13.60 and its two-hundred day moving average is $14.81.
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.
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