25,000 Shares in QXO, Inc. (NASDAQ:QXO) Bought by Capital Management Associates NY

Capital Management Associates NY purchased a new position in QXO, Inc. (NASDAQ:QXO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QXO. Brown Brothers Harriman & Co. bought a new position in QXO in the third quarter worth $41,000. SG Americas Securities LLC raised its holdings in QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after purchasing an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets bought a new position in QXO in the third quarter worth $166,000. Entropy Technologies LP bought a new position in QXO in the fourth quarter worth $169,000. Finally, CIBC Asset Management Inc bought a new position in QXO in the third quarter worth $186,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Up 1.3 %

QXO opened at $12.81 on Friday. The stock has a fifty day simple moving average of $13.60 and a two-hundred day simple moving average of $14.81. The company 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 12-month low of $10.61 and a 12-month high of $290.00.

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.