QXO, Inc. (NASDAQ:QXO) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in shares of QXO, Inc. (NASDAQ:QXO) by 23.7% in the 4th quarter, HoldingsChannel reports. The fund owned 15,908 shares of the company’s stock after acquiring an additional 3,050 shares during the period. Verdence Capital Advisors LLC’s holdings in QXO were worth $253,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. purchased a new position in shares of QXO in the 4th quarter valued at about $2,711,000. Charles Schwab Investment Management Inc. boosted its holdings in QXO by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company’s stock valued at $24,553,000 after purchasing an additional 14,073 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in QXO by 67.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 84,945 shares of the company’s stock valued at $1,351,000 after purchasing an additional 34,300 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in QXO by 32.7% during the fourth quarter. Meridian Wealth Management LLC now owns 70,788 shares of the company’s stock worth $1,126,000 after purchasing an additional 17,463 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of QXO by 138.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 66,757 shares of the company’s stock worth $1,061,000 after buying an additional 38,747 shares during the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Trading Up 1.7 %

Shares of QXO stock opened at $13.34 on Friday. The company has a fifty day simple moving average of $13.87 and a 200-day simple moving average of $14.84. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of -1.46, a PEG ratio of 4.09 and a beta of 2.35.

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.