25,750,781 Shares in QXO, Inc. (NASDAQ:QXO) Acquired by Finepoint Capital LP

Finepoint Capital LP bought a new stake in QXO, Inc. (NASDAQ:QXO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,750,781 shares of the company’s stock, valued at approximately $406,090,000. QXO makes up approximately 29.5% of Finepoint Capital LP’s holdings, making the stock its biggest position. Finepoint Capital LP owned approximately 6.29% of QXO as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in QXO in the 2nd quarter valued at about $432,000. Millennium Management LLC purchased a new position in shares of QXO during the second quarter valued at approximately $159,247,000. Driehaus Capital Management LLC purchased a new stake in QXO in the 2nd quarter worth approximately $160,859,000. SG Americas Securities LLC acquired a new position in QXO in the 3rd quarter valued at $103,000. Finally, Gainplan LLC purchased a new position in shares of QXO during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Insider Buying and Selling at QXO

In other news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the completion of the sale, the insider now directly owns 46,908,701 shares in the company, valued at $705,975,950.05. This represents a 12.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 51.30% of the stock is owned by company insiders.

QXO Price Performance

QXO stock opened at $17.46 on Tuesday. The firm has a fifty day simple moving average of $15.34. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of -1.91, a P/E/G ratio of 2.66 and a beta of 2.32.

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.