130,000 Shares in QXO, Inc. (NASDAQ:QXO) Acquired by Settian Capital LP

Settian Capital LP purchased a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, Holdings Channel reports. The firm purchased 130,000 shares of the company’s stock, valued at approximately $2,067,000. QXO makes up about 1.5% of Settian Capital LP’s holdings, making the stock its 18th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC grew its stake in shares of QXO by 1.3% in the 4th quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock valued at $1,844,000 after purchasing an additional 1,497 shares during the last quarter. Wellington Shields & Co. LLC grew its stake in shares of QXO by 2.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 75,000 shares of the company’s stock valued at $1,192,000 after purchasing an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of QXO in the 3rd quarter valued at approximately $41,000. SG Americas Securities LLC grew its stake in shares of QXO by 45.8% in the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of QXO by 23.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company’s stock valued at $253,000 after purchasing an additional 3,050 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Up 0.5 %

Shares of QXO stock opened at $13.06 on Thursday. The business’s 50 day moving average is $13.43 and its two-hundred day moving average is $14.79. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The company has a market capitalization of $5.35 billion, a P/E ratio of -1.43, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35.

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.