17,480 Shares in QXO, Inc. (NASDAQ:QXO) Purchased by Townsquare Capital LLC

Townsquare Capital LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,480 shares of the company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of QXO in the 3rd quarter valued at $166,000. Finepoint Capital LP acquired a new position in shares of QXO in the 3rd quarter valued at $406,090,000. The Manufacturers Life Insurance Company acquired a new position in shares of QXO in the 3rd quarter valued at $1,522,000. Canton Hathaway LLC acquired a new position in shares of QXO in the 3rd quarter valued at $287,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of QXO in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Price Performance

NASDAQ:QXO opened at $17.39 on Friday. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of -1.91 and a beta of 2.32. The company has a fifty day moving average of $15.70.

Insiders Place Their Bets

In other QXO 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 transaction of $105,350,000.00. Following the completion of the sale, the insider now directly owns 46,908,701 shares in the company, valued at approximately $705,975,950.05. This trade represents a 12.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 51.30% of the company’s stock.

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.