Penn Capital Management Company LLC Sells 60,772 Shares of Rxo Inc $RXO

Penn Capital Management Company LLC lessened its stake in Rxo Inc (NYSE:RXO) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 944,096 shares of the company’s stock after selling 60,772 shares during the period. Penn Capital Management Company LLC owned approximately 0.58% of RXO worth $14,558,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

RXO has been the topic of a number of recent research reports. Stifel Nicolaus set a $15.00 price objective on RXO in a research note on Thursday, February 5th. Barclays raised their price target on RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Susquehanna increased their price objective on RXO from $10.00 to $11.00 and gave the company a “negative” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a report on Monday, December 22nd. Finally, Stephens set a $15.00 price target on shares of RXO in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.29.

RXO Price Performance

Shares of NYSE RXO opened at $12.99 on Wednesday. The stock has a market capitalization of $2.13 billion, a P/E ratio of -22.40, a P/E/G ratio of 8.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50-day moving average is $14.90 and its 200 day moving average is $14.98. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $19.65.

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

About RXO

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.