Janney Capital Management LLC Invests $255,000 in QXO, Inc. (NASDAQ:QXO)

Janney Capital Management LLC acquired a new stake in QXO, Inc. (NASDAQ:QXO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 16,038 shares of the company’s stock, valued at approximately $255,000.

Other large investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA boosted its holdings in QXO by 2,000.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock valued at $33,000 after acquiring an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of QXO in the 3rd quarter worth approximately $41,000. Gainplan LLC bought a new stake in shares of QXO in the 3rd quarter valued at $55,000. SG Americas Securities LLC acquired a new stake in shares of QXO during the third quarter worth $103,000. Finally, Claro Advisors LLC acquired a new stake in shares of QXO during the third quarter worth $111,000. Institutional investors own 58.68% of the company’s stock.

QXO Trading Up 2.2 %

QXO stock opened at $13.98 on Thursday. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of 3.42 and a beta of 2.32. The firm has a fifty day moving average price of $15.93. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00.

Insider Buying and Selling

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total value of $105,350,000.00. Following the completion of the sale, the insider now owns 46,908,701 shares of the company’s stock, valued at approximately $705,975,950.05. This trade represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 51.30% of the stock is owned by insiders.

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.