Verdence Capital Advisors LLC Grows Stock Position in QXO, Inc. (NASDAQ:QXO)

Verdence Capital Advisors LLC boosted its holdings in QXO, Inc. (NASDAQ:QXO) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,908 shares of the company’s stock after acquiring an additional 3,050 shares during the period. Verdence Capital Advisors LLC’s holdings in QXO were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in QXO. Finepoint Capital LP purchased a new position in QXO during the 3rd quarter valued at about $406,090,000. Geode Capital Management LLC lifted its position 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 worth $45,019,000 after purchasing an additional 2,849,269 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of QXO in the third quarter valued at approximately $32,559,000. Charles Schwab Investment Management Inc. grew its holdings in shares of QXO by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company’s stock valued at $24,553,000 after purchasing an additional 14,073 shares in the last quarter. Finally, State Street Corp purchased a new stake in QXO during the 3rd quarter worth approximately $16,245,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Stock Up 1.7 %

Shares of QXO stock opened at $13.34 on Friday. The firm has a 50 day moving average of $13.87 and a two-hundred day moving average of $14.84. The stock has a market capitalization of $5.46 billion, a PE ratio of -1.46, a P/E/G ratio of 4.09 and a beta of 2.35. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00.

QXO Company 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.