Bryce Point Capital LLC Acquires Shares of 81,791 RXO, Inc. (NYSE:RXO)

Bryce Point Capital LLC bought a new position in shares of RXO, Inc. (NYSE:RXO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 81,791 shares of the company’s stock, valued at approximately $1,950,000. RXO accounts for about 0.6% of Bryce Point Capital LLC’s holdings, making the stock its 13th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in RXO by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock worth $783,000 after buying an additional 500 shares in the last quarter. Blue Trust Inc. increased its position in RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in RXO by 1.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company’s stock valued at $712,000 after purchasing an additional 518 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after acquiring an additional 551 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RXO has been the topic of several analyst reports. Susquehanna reduced their price objective on shares of RXO from $18.00 to $13.00 and set a “negative” rating on the stock in a research note on Wednesday, March 26th. Barclays decreased their target price on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Morgan Stanley dropped their price target on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus lowered their price objective on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

RXO Trading Down 0.9 %

Shares of RXO stock opened at $18.93 on Wednesday. RXO, Inc. has a 52-week low of $17.50 and a 52-week high of $32.82. The company has a 50-day simple moving average of $21.05 and a two-hundred day simple moving average of $25.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -8.93, a PEG ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Research analysts anticipate that RXO, Inc. will post 0.31 EPS for the current fiscal year.

RXO Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.