Deltec Asset Management LLC Invests $158,000 in QXO, Inc. (NASDAQ:QXO)

Deltec Asset Management LLC acquired a new stake in QXO, Inc. (NASDAQ:QXO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $158,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA grew its holdings in QXO by 2,000.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock worth $33,000 after acquiring an additional 2,000 shares in the last quarter. Gainplan LLC acquired a new position in shares of QXO during the third quarter worth $55,000. SG Americas Securities LLC purchased a new position in QXO in the third quarter valued at $103,000. Claro Advisors LLC acquired a new stake in QXO in the third quarter valued at $111,000. Finally, Carret Asset Management LLC acquired a new stake in QXO in the third quarter valued at $164,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Trading Down 1.0 %

NASDAQ:QXO opened at $15.34 on Wednesday. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The firm has a market cap of $6.28 billion, a PE ratio of -1.25, a P/E/G ratio of 2.36 and a beta of 2.31. The business’s 50-day simple moving average is $14.72.

QXO (NASDAQ:QXO) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $3.22 EPS for the quarter. QXO had a negative net margin of 3.75% and a positive return on equity of 0.51%. The company had revenue of $14.54 million for the quarter. As a group, research analysts forecast that QXO, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 795,894 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $15.05, for a total value of $11,978,204.70. Following the completion of the transaction, the insider now owns 53,908,701 shares in the company, valued at $811,325,950.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 90.60% of the company’s stock.

QXO 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.