Burkehill Global Management LP Invests $1.19 Million in QXO, Inc. (NASDAQ:QXO)

Burkehill Global Management LP purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,000 shares of the company’s stock, valued at approximately $1,192,000.

Other large investors have also recently bought and sold shares of the company. Finepoint Capital LP purchased a new position in QXO during the 3rd quarter valued at about $406,090,000. Geode Capital Management LLC boosted its holdings in shares of QXO by 64,992.4% during the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock worth $45,019,000 after purchasing an additional 2,849,269 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in QXO during the third quarter valued at approximately $32,559,000. Charles Schwab Investment Management Inc. acquired a new position in QXO in the 3rd quarter valued at approximately $24,130,000. Finally, State Street Corp acquired a new position in QXO in the 3rd quarter valued at approximately $16,245,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Stock Down 5.0 %

Shares of NASDAQ:QXO opened at $12.60 on Thursday. The firm has a fifty day moving average of $13.71 and a two-hundred day moving average of $14.84. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The firm has a market capitalization of $5.16 billion, a P/E ratio of -1.38, a price-to-earnings-growth 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.