11,900 Shares in QXO, Inc. (NASDAQ:QXO) Acquired by Lewis Asset Management LLC

Lewis Asset Management LLC acquired a new stake in QXO, Inc. (NASDAQ:QXO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QXO. Diversify Wealth Management LLC bought a new position in shares of QXO in the third quarter worth about $156,000. Deltec Asset Management LLC purchased a new stake in QXO in the 3rd quarter valued at about $158,000. Carret Asset Management LLC bought a new position in QXO in the 3rd quarter worth about $164,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of QXO during the third quarter worth approximately $934,000. Finally, Jade Capital Advisors LLC bought a new stake in shares of QXO during the third quarter valued at approximately $473,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Mfn Partners, Lp sold 795,894 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $15.05, for a total value of $11,978,204.70. Following the completion of the transaction, the insider now owns 53,908,701 shares of the company’s stock, valued at $811,325,950.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 90.60% of the stock is owned by company insiders.

QXO Trading Up 2.6 %

Shares of NASDAQ:QXO opened at $15.65 on Friday. The business has a 50 day moving average price of $14.89. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00.

QXO (NASDAQ:QXO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $3.22 earnings per share (EPS) for the quarter. The business had revenue of $14.54 million for the quarter. QXO had a positive return on equity of 0.51% and a negative net margin of 3.75%. As a group, equities research analysts predict that QXO, Inc. will post 0.32 earnings per share for the current fiscal year.

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.