Janus Henderson Group PLC Makes New $2.51 Million Investment in QXO, Inc. (NASDAQ:QXO)

Janus Henderson Group PLC acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 157,600 shares of the company’s stock, valued at approximately $2,506,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QXO. JPMorgan Chase & Co. acquired a new position in QXO during the third quarter worth approximately $2,219,000. Sheets Smith Wealth Management bought a new position in shares of QXO during the 4th quarter worth approximately $272,000. Simon Quick Advisors LLC increased its holdings in shares of QXO by 24.0% during the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company’s stock worth $252,000 after acquiring an additional 3,064 shares during the last quarter. Janney Capital Management LLC acquired a new position in shares of QXO during the 4th quarter worth approximately $255,000. Finally, SG Americas Securities LLC raised its stake in QXO by 45.8% in the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 58.68% of the company’s stock.

QXO Price Performance

QXO stock opened at $18.38 on Wednesday. The company has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $14.50. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of -2.02, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27.

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.