Canton Hathaway LLC lifted its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 671.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,387 shares of the company's stock after purchasing an additional 122,187 shares during the period. QXO comprises approximately 0.6% of Canton Hathaway LLC's portfolio, making the stock its 25th largest position. Canton Hathaway LLC's holdings in QXO were worth $2,232,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of QXO during the 3rd quarter worth approximately $2,219,000. Advyzon Investment Management LLC acquired a new stake in QXO during the 4th quarter worth $527,000. Finepoint Capital LP purchased a new stake in QXO in the third quarter valued at $406,090,000. State Street Corp acquired a new stake in shares of QXO during the third quarter worth about $16,245,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of QXO in the 3rd quarter valued at about $1,805,000. 58.68% of the stock is owned by hedge funds and other institutional investors.
Shares of QXO opened at $12.28 on Tuesday. The company's 50 day simple moving average is $14.52 and its 200-day simple moving average is $14.80. The firm has a market cap of $5.03 billion, a PE ratio of -1.35, a price-to-earnings-growth ratio of 4.09 and a beta of 2.28. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider QXO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QXO wasn't on the list.
While QXO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.