Hudson Value Partners LLC Has $1.91 Million Stock Holdings in QXO, Inc. $QXO

Hudson Value Partners LLC increased its position in shares of QXO, Inc. (NYSE:QXO) by 32.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 100,092 shares of the company’s stock after buying an additional 24,532 shares during the quarter. Hudson Value Partners LLC’s holdings in QXO were worth $1,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpha Wave Global LP acquired a new position in QXO in the 2nd quarter worth about $525,366,000. Vanguard Group Inc. grew its stake in shares of QXO by 91.0% in the 2nd quarter. Vanguard Group Inc. now owns 47,192,412 shares of the company’s stock valued at $1,016,525,000 after buying an additional 22,484,977 shares in the last quarter. Affinity Partners GP LP increased its holdings in QXO by 99.1% in the second quarter. Affinity Partners GP LP now owns 32,671,542 shares of the company’s stock worth $703,745,000 after buying an additional 16,260,163 shares during the last quarter. Schf GPE LLC raised its position in QXO by 204.3% during the second quarter. Schf GPE LLC now owns 13,319,457 shares of the company’s stock valued at $286,901,000 after acquiring an additional 8,943,089 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in QXO during the second quarter valued at approximately $178,836,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Price Performance

NYSE QXO opened at $24.17 on Friday. The stock has a 50-day simple moving average of $21.04 and a 200 day simple moving average of $20.32. QXO, Inc. has a twelve month low of $11.85 and a twelve month high of $26.24. The stock has a market capitalization of $16.30 billion, a PE ratio of -54.93, a P/E/G ratio of 2.89 and a beta of 2.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.24 and a current ratio of 3.06.

QXO (NYSE:QXO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. QXO had a positive return on equity of 3.70% and a negative net margin of 3.81%.The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.78 billion. QXO’s quarterly revenue was up 20726.7% on a year-over-year basis. Research analysts anticipate that QXO, Inc. will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of QXO in a research note on Monday, December 29th. Citigroup cut their target price on QXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Benchmark reaffirmed a “buy” rating on shares of QXO in a research report on Friday, January 16th. William Blair reissued an “outperform” rating on shares of QXO in a report on Wednesday, December 31st. Finally, Loop Capital assumed coverage on QXO in a research note on Thursday, December 11th. They issued a “buy” rating and a $31.00 price objective on the stock. One 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 given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.43.

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. 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.