Summit Trail Advisors LLC Grows Stock Position in QXO, Inc. (NASDAQ:QXO)

Summit Trail Advisors LLC raised its holdings in QXO, Inc. (NASDAQ:QXO) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,967 shares of the company’s stock after buying an additional 1,497 shares during the quarter. Summit Trail Advisors LLC’s holdings in QXO were worth $1,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Finepoint Capital LP purchased a new stake in QXO in the third quarter valued at about $406,090,000. Geode Capital Management LLC raised its stake in QXO by 64,992.4% in the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock valued at $45,019,000 after buying an additional 2,849,269 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in QXO in the third quarter valued at about $42,593,000. Massachusetts Financial Services Co. MA purchased a new stake in QXO in the third quarter valued at about $32,559,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in QXO in the third quarter valued at about $24,130,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Stock Performance

Shares of QXO stock opened at $13.42 on Tuesday. The stock’s 50-day simple moving average is $15.23 and its 200-day simple moving average is $16.02. The firm has a market capitalization of $5.49 billion, a PE ratio of 3.31, a P/E/G ratio of 3.39 and a beta of 2.27. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00.

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.