Deltec Asset Management LLC Purchases 32,000 Shares of QXO, Inc. (NASDAQ:QXO)

Deltec Asset Management LLC boosted its holdings in shares of QXO, Inc. (NASDAQ:QXO) by 320.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,000 shares of the company’s stock after acquiring an additional 32,000 shares during the period. Deltec Asset Management LLC’s holdings in QXO were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Finepoint Capital LP purchased a new position in QXO in the third quarter valued at about $406,090,000. Geode Capital Management LLC increased 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 valued at $45,019,000 after acquiring an additional 2,849,269 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in QXO in the 3rd quarter worth approximately $42,593,000. Massachusetts Financial Services Co. MA purchased a new stake in QXO during the 3rd quarter worth approximately $32,559,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in QXO during the 3rd quarter valued at approximately $24,130,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Up 5.8 %

NASDAQ QXO opened at $14.23 on Wednesday. The stock has a market cap of $5.82 billion, a P/E ratio of 3.25, a P/E/G ratio of 3.32 and a beta of 2.28. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The company has a fifty day simple moving average of $15.48 and a two-hundred day simple moving average of $17.90.

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.