Entropy Technologies LP Has $215,000 Position in Rxo Inc $RXO

Entropy Technologies LP cut its position in shares of Rxo Inc (NYSE:RXO) by 66.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,682 shares of the company’s stock after selling 29,114 shares during the quarter. Entropy Technologies LP’s holdings in RXO were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in RXO in the 4th quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of RXO in the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. bought a new stake in shares of RXO in the first quarter worth $30,000. Quarry LP bought a new stake in shares of RXO in the third quarter worth $33,000. Finally, Larson Financial Group LLC boosted its holdings in RXO by 146.5% during the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Price Performance

NYSE:RXO opened at $20.25 on Friday. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $29.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $26.50 and a 200 day simple moving average of $19.88. The stock has a market capitalization of $3.34 billion, a PE ratio of -33.19 and a beta of 2.03.

RXO (NYSE:RXO) last issued its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, research analysts expect that Rxo Inc will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Susquehanna raised their target price on shares of RXO from $18.00 to $20.00 and gave the company a “negative” rating in a research report on Tuesday, July 14th. Citizens Jmp initiated coverage on shares of RXO in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. UBS Group increased their price objective on shares of RXO from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Citigroup began coverage on RXO in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Wall Street Zen raised RXO from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.57.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.