GSA Capital Partners LLP Lowers Stock Holdings in Rxo Inc $RXO

GSA Capital Partners LLP lessened its stake in Rxo Inc (NYSE:RXO) by 72.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,958 shares of the company’s stock after selling 58,971 shares during the period. GSA Capital Partners LLP’s holdings in RXO were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of RXO by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 791,799 shares of the company’s stock valued at $12,178,000 after purchasing an additional 83,305 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in shares of RXO during the third quarter worth $4,026,000. Frontier Capital Management Co. LLC grew its position in RXO by 39.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock valued at $28,315,000 after buying an additional 511,036 shares during the last quarter. Russell Investments Group Ltd. increased its stake in RXO by 67.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 191,318 shares of the company’s stock valued at $3,008,000 after buying an additional 76,965 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in RXO in the 2nd quarter valued at $5,611,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Up 6.0%

Shares of RXO opened at $15.60 on Friday. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $20.70. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2.56 billion, a P/E ratio of -26.90, a PEG ratio of 10.34 and a beta of 1.74. The firm’s 50-day moving average is $14.60 and its two-hundred day moving average is $15.11.

RXO (NYSE:RXO) last posted its quarterly earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, research analysts predict that Rxo Inc will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial raised their target price on shares of RXO from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Barclays cut their price target on shares of RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a report on Monday, December 22nd. UBS Group reiterated a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. Finally, Susquehanna raised their price target on RXO from $10.00 to $11.00 and gave the company a “negative” rating in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.33.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.