Penn Capital Management Company LLC Decreases Position in Rxo Inc $RXO

Penn Capital Management Company LLC lowered its position in shares of Rxo Inc (NYSE:RXO) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 944,096 shares of the company’s stock after selling 60,772 shares during the period. Penn Capital Management Company LLC’s holdings in RXO were worth $14,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. bought a new stake in RXO in the 1st quarter worth approximately $30,000. Quarry LP bought a new position in RXO in the third quarter valued at about $33,000. Larson Financial Group LLC boosted its position in RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares during the period. Finally, CWM LLC grew its stake in shares of RXO by 141.6% during the 3rd quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $65,000 after purchasing an additional 2,480 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

RXO has been the topic of a number of research reports. Susquehanna raised their price objective on shares of RXO from $10.00 to $11.00 and gave the stock a “negative” rating in a report on Thursday, January 8th. Benchmark reissued a “hold” rating on shares of RXO in a report on Monday, February 9th. Zacks Research cut RXO from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a report on Monday, December 22nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of RXO in a report on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.29.

RXO Price Performance

Shares of RXO stock opened at $12.99 on Wednesday. The firm has a market cap of $2.13 billion, a PE ratio of -22.40, a PEG ratio of 8.40 and a beta of 1.67. The stock has a 50 day moving average of $14.90 and a 200 day moving average of $14.98. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $19.65.

RXO (NYSE:RXO) last released its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.50 billion. RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The business’s revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. On average, research analysts expect that Rxo Inc will post 0.31 EPS for the current fiscal year.

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.