Rxo Inc $RXO Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of Rxo Inc (NYSE:RXO) by 72.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,958 shares of the company’s stock after selling 58,971 shares during the period. GSA Capital Partners LLP’s holdings in RXO were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RXO. AlphaQuest LLC purchased a new stake in shares of RXO in the 2nd quarter valued at approximately $29,000. Geneos Wealth Management Inc. acquired a new position in shares of RXO during the first quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in RXO by 27.0% in the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after buying an additional 701 shares during the last quarter. CWM LLC raised its stake in RXO by 141.6% in the third quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $65,000 after buying an additional 2,480 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in RXO by 34.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,576 shares of the company’s stock valued at $72,000 after buying an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Trading Up 6.0%

RXO opened at $15.60 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. Rxo Inc has a 52 week low of $10.43 and a 52 week high of $20.70. The business’s 50 day moving average is $14.60 and its two-hundred day moving average is $15.11. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -26.90, a price-to-earnings-growth ratio of 10.34 and a beta of 1.74.

RXO (NYSE:RXO) last announced its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The business’s revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, research analysts predict that Rxo Inc will post 0.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on RXO. Wall Street Zen downgraded RXO from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research downgraded RXO from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a report on Monday, December 22nd. Benchmark restated a “hold” rating on shares of RXO in a research report on Monday, February 9th. Finally, Wolfe Research raised shares of RXO from an “underperform” rating to a “peer perform” rating in a research report on Friday, November 14th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, RXO currently has an average rating of “Hold” and an average target price of $16.33.

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.