285,600 Shares in Rxo Inc $RXO Bought by Attestor Capital Ltd

Attestor Capital Ltd bought a new position in Rxo Inc (NYSE:RXO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 285,600 shares of the company’s stock, valued at approximately $3,610,000. RXO makes up about 1.7% of Attestor Capital Ltd’s investment portfolio, making the stock its 8th largest holding.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in RXO by 14.3% during the 1st quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock worth $444,000 after buying an additional 2,902 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of RXO by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock valued at $1,813,000 after acquiring an additional 4,134 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of RXO during the first quarter worth $30,000. Strs Ohio bought a new stake in shares of RXO in the first quarter worth $97,000. Finally, Quantbot Technologies LP acquired a new stake in RXO in the second quarter valued at $245,000. 92.73% of the stock is currently owned by institutional investors.

RXO Stock Performance

Shares of RXO opened at $25.43 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $22.21 and its two-hundred day simple moving average is $17.18. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $29.86. The stock has a market capitalization of $4.19 billion, a P/E ratio of -41.68, a price-to-earnings-growth ratio of 26.35 and a beta of 2.08.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. As a group, analysts predict that Rxo Inc will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stifel Nicolaus raised RXO from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, May 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $18.00 price target on shares of RXO in a research report on Friday, May 8th. Barclays increased their price target on RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Susquehanna raised their price objective on RXO from $14.00 to $18.00 and gave the stock a “negative” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised RXO from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, RXO currently has a consensus rating of “Hold” and a consensus target price of $20.08.

RXO 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.