Wellington Shields Capital Management LLC Increases Holdings in QXO, Inc. (NASDAQ:QXO)

Wellington Shields Capital Management LLC raised its stake in QXO, Inc. (NASDAQ:QXO) by 44.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,200 shares of the company’s stock after purchasing an additional 32,800 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in QXO were worth $1,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QXO. Brown Brothers Harriman & Co. purchased a new position in shares of QXO in the third quarter valued at $41,000. SG Americas Securities LLC boosted its position in QXO by 45.8% in the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after buying an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of QXO during the third quarter valued at about $166,000. Entropy Technologies LP purchased a new stake in shares of QXO during the fourth quarter worth about $169,000. Finally, CIBC Asset Management Inc acquired a new position in shares of QXO in the third quarter worth about $186,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Stock Up 0.7 %

Shares of NASDAQ QXO opened at $12.67 on Friday. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The business has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $14.82. The firm has a market cap of $5.19 billion, a PE ratio of -1.39, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35.

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.