WINTON GROUP Ltd Purchases New Position in QXO, Inc. $QXO

WINTON GROUP Ltd purchased a new stake in QXO, Inc. (NYSE:QXO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,800 shares of the company’s stock, valued at approximately $1,913,000.

A number of other hedge funds have also recently bought and sold shares of the company. Hood River Capital Management LLC purchased a new position in shares of QXO in the 2nd quarter worth approximately $178,836,000. Cerity Partners LLC purchased a new stake in shares of QXO during the second quarter valued at approximately $244,000. Amundi lifted its holdings in QXO by 33.8% during the second quarter. Amundi now owns 957,041 shares of the company’s stock worth $20,663,000 after acquiring an additional 241,954 shares during the period. M Holdings Securities Inc. purchased a new position in QXO in the second quarter worth $1,189,000. Finally, Epoch Investment Partners Inc. bought a new position in QXO in the 2nd quarter valued at $38,106,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on QXO shares. Zacks Research lowered shares of QXO from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Raymond James Financial assumed coverage on QXO in a research note on Friday, September 5th. They issued an “outperform” rating and a $28.00 price objective on the stock. Truist Financial decreased their target price on QXO from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Benchmark raised QXO to a “strong-buy” rating in a research report on Monday, August 25th. Finally, Vertical Research initiated coverage on QXO in a report on Tuesday, October 21st. They issued a “buy” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, QXO presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.85.

QXO Trading Down 1.5%

Shares of QXO stock opened at $20.96 on Wednesday. The company has a market capitalization of $14.13 billion, a PE ratio of -47.63, a price-to-earnings-growth ratio of 3.24 and a beta of 2.42. QXO, Inc. has a 52-week low of $11.85 and a 52-week high of $24.69. The business’s fifty day moving average is $18.50 and its 200 day moving average is $19.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.24 and a current ratio of 3.06.

QXO (NYSE:QXO) last posted its earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. QXO had a positive return on equity of 3.70% and a negative net margin of 3.81%.The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.78 billion. The firm’s revenue was up 20726.7% on a year-over-year basis. On average, equities research analysts anticipate that QXO, Inc. will post -0.13 EPS for the current fiscal year.

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.