Counterpoint Mutual Funds LLC Invests $438,000 in QXO, Inc. (NASDAQ:QXO)

Counterpoint Mutual Funds LLC purchased a new position in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,541 shares of the company’s stock, valued at approximately $438,000.

Several other hedge funds also recently modified their holdings of the business. Finepoint Capital LP acquired a new position in QXO in the 3rd quarter valued at $406,090,000. Geode Capital Management LLC grew its stake in QXO by 64,992.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock valued at $45,019,000 after buying an additional 2,849,269 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in QXO in the 3rd quarter valued at $32,559,000. Charles Schwab Investment Management Inc. acquired a new position in QXO in the 3rd quarter valued at $24,130,000. Finally, State Street Corp acquired a new position in QXO in the 3rd quarter valued at $16,245,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Trading Up 1.5 %

NASDAQ:QXO opened at $13.01 on Tuesday. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The firm’s fifty day simple moving average is $13.54 and its 200 day simple moving average is $14.81. The firm has a market capitalization of $5.33 billion, a PE ratio of -1.43, a PEG ratio of 4.09 and a beta of 2.35.

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.