Claro Advisors LLC Invests $612,000 in QXO, Inc. (NASDAQ:QXO)

Claro Advisors LLC acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,782 shares of the company’s stock, valued at approximately $612,000.

A number of other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA increased its stake 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 purchasing an additional 2,000 shares in the last quarter. Gainplan LLC bought a new stake in QXO in the 3rd quarter valued at $55,000. Renaissance Technologies LLC acquired a new position in QXO in the 2nd quarter worth $432,000. SG Americas Securities LLC acquired a new position in QXO in the 3rd quarter worth $103,000. Finally, Deltec Asset Management LLC bought a new position in QXO during the 3rd quarter worth about $158,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Insider Activity

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

QXO Trading Up 1.1 %

Shares of QXO stock opened at $15.40 on Monday. The firm has a 50-day moving average price of $15.14. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of -1.69, a price-to-earnings-growth ratio of 2.41 and a beta of 2.32.

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.