135,494 Shares in Rxo Inc $RXO Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new stake in Rxo Inc (NYSE:RXO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 135,494 shares of the company’s stock, valued at approximately $2,084,000. Hudson Bay Capital Management LP owned approximately 0.08% of RXO as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RXO. Geneos Wealth Management Inc. purchased a new stake in shares of RXO in the first quarter worth approximately $30,000. Quarry LP purchased a new position in shares of RXO during the third quarter valued at approximately $33,000. Larson Financial Group LLC grew its holdings in RXO by 146.5% during the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after buying an additional 1,644 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in RXO by 27.0% during the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock worth $49,000 after buying an additional 701 shares in the last quarter. Finally, CWM LLC raised its position in RXO by 141.6% in the 3rd quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $65,000 after buying an additional 2,480 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus set a $15.00 target price on shares of RXO in a report on Thursday, February 5th. UBS Group reiterated a “neutral” rating on shares of RXO in a report on Sunday, February 8th. TD Cowen reiterated a “hold” rating on shares of RXO in a research note on Friday, January 9th. Stephens set a $15.00 price target on shares of RXO in a report on Monday, February 9th. Finally, Susquehanna raised their price objective on shares of RXO from $10.00 to $11.00 and gave the stock a “negative” rating in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus price target of $16.29.

RXO Price Performance

Shares of NYSE RXO opened at $13.23 on Friday. The stock has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $14.93. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $19.65. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -22.81, a price-to-earnings-growth ratio of 9.29 and a beta of 1.67. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

RXO (NYSE:RXO) last issued its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. Analysts anticipate that Rxo Inc will post 0.31 earnings per share for the current year.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.