Hudson Value Partners LLC Boosts Position in QXO, Inc. $QXO

Hudson Value Partners LLC raised its position in QXO, Inc. (NYSE:QXO) by 87.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 215,998 shares of the company’s stock after acquiring an additional 100,856 shares during the quarter. Hudson Value Partners LLC’s holdings in QXO were worth $3,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QXO. Arax Advisory Partners bought a new stake in shares of QXO during the 4th quarter valued at about $25,000. LRI Investments LLC increased its position in shares of QXO by 129.1% during the 4th quarter. LRI Investments LLC now owns 1,482 shares of the company’s stock valued at $29,000 after purchasing an additional 835 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of QXO by 73,350.0% in the 1st quarter. Root Financial Partners LLC now owns 1,469 shares of the company’s stock worth $29,000 after purchasing an additional 1,467 shares during the period. Russell Investments Group Ltd. bought a new position in shares of QXO in the 2nd quarter worth approximately $30,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of QXO by 42.4% in the fourth quarter. NewEdge Advisors LLC now owns 1,680 shares of the company’s stock worth $32,000 after buying an additional 500 shares during the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Stock Up 1.0%

QXO stock opened at $15.54 on Wednesday. QXO, Inc. has a twelve month low of $13.18 and a twelve month high of $27.61. The company has a quick ratio of 2.47, a current ratio of 3.33 and a debt-to-equity ratio of 0.35. The stock has a market cap of $16.12 billion, a P/E ratio of -17.08, a PEG ratio of 2.59 and a beta of 2.28. The business’s 50-day moving average price is $15.56 and its 200-day moving average price is $19.17.

QXO (NYSE:QXO) last released its earnings results on Tuesday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. QXO’s revenue for the quarter was up 12716.3% on a year-over-year basis. On average, equities research analysts forecast that QXO, Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of QXO in a research report on Friday, May 29th. Oppenheimer increased their price target on shares of QXO from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Morgan Stanley began coverage on shares of QXO in a research note on Tuesday, August 4th. They set an “overweight” rating and a $35.00 price target on the stock. Stephens cut their price objective on shares of QXO from $29.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, QXO has an average rating of “Moderate Buy” and an average price target of $29.71.

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. It also offers value-added services that focuses on consulting and professional, specialized programming, training, and technical support services. In addition, the company provides information technology managed services, such as cybersecurity, application hosting, disaster recovery, business continuity, cloud, and other services; and data back-up, network maintenance, and upgrade services.