Janney Capital Management LLC Acquires New Holdings in QXO, Inc. (NASDAQ:QXO)

Janney Capital Management LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 16,038 shares of the company’s stock, valued at approximately $255,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA grew its stake in shares of QXO by 2,000.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock valued at $33,000 after buying an additional 2,000 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of QXO during the 3rd quarter worth about $41,000. Gainplan LLC acquired a new position in shares of QXO during the 3rd quarter worth about $55,000. Renaissance Technologies LLC bought a new stake in shares of QXO in the 2nd quarter valued at about $432,000. Finally, SG Americas Securities LLC acquired a new stake in QXO in the 3rd quarter valued at about $103,000. Institutional investors own 58.68% of the company’s stock.

Insider Transactions at QXO

In related news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 46,908,701 shares of the company’s stock, valued at $705,975,950.05. This represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 51.30% of the company’s stock.

QXO Stock Performance

QXO opened at $13.98 on Thursday. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The company has a 50 day simple moving average of $15.93. The firm has a market capitalization of $5.73 billion, a PE ratio of -1.53, a price-to-earnings-growth ratio of 3.42 and a beta of 2.32.

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.