Millennium Management LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,219,158 shares of the company’s stock, valued at approximately $159,247,000. Millennium Management LLC owned about 3.34% of QXO as of its most recent filing with the Securities & Exchange Commission.
Separately, Renaissance Technologies LLC acquired a new position in QXO in the 2nd quarter worth $432,000. 58.68% of the stock is owned by institutional investors.
QXO Price Performance
QXO opened at $15.73 on Friday. The firm has a market cap of $6.44 billion, a P/E ratio of -8.94, a price-to-earnings-growth ratio of 2.46 and a beta of 2.31. The firm has a 50-day moving average price of $22.42. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00.
Insider Transactions at QXO
In related news, major shareholder Mfn Partners, Lp sold 795,894 shares of QXO stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $15.05, for a total value of $11,978,204.70. Following the sale, the insider now owns 53,908,701 shares of the company’s stock, valued at $811,325,950.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 90.60% of the company’s stock.
QXO Company 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.
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