Maple Rock Capital Partners Inc. Takes $71.28 Million Position in Rxo Inc $RXO

Maple Rock Capital Partners Inc. bought a new stake in shares of Rxo Inc (NYSE:RXO) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,583,655 shares of the company’s stock, valued at approximately $71,283,000. RXO makes up approximately 1.4% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds also recently bought and sold shares of RXO. Cassaday & Co Wealth Management LLC purchased a new stake in RXO in the 1st quarter worth $29,000. Geneos Wealth Management Inc. purchased a new position in shares of RXO in the first quarter valued at about $30,000. Quarry LP purchased a new position in shares of RXO in the third quarter valued at about $33,000. City Holding Co. boosted its stake in shares of RXO by 227.6% in the second quarter. City Holding Co. now owns 1,245 shares of the company’s stock worth $34,000 after acquiring an additional 865 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after acquiring an additional 1,644 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on RXO shares. The Goldman Sachs Group lifted their target price on RXO from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Citizens Jmp upgraded RXO from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Friday, August 7th. UBS Group cut their price objective on shares of RXO from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Stifel Nicolaus set a $31.00 price objective on shares of RXO in a research report on Friday, August 7th. Finally, William Blair set a $30.00 price objective on shares of RXO in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.85.

RXO Trading Down 3.1%

Shares of RXO stock opened at $21.23 on Tuesday. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $29.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $24.52 and a 200-day moving average price of $20.87. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of -34.80 and a beta of 2.10.

RXO (NYSE:RXO) last posted its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts anticipate that Rxo Inc will post 0.13 EPS for the current fiscal year.

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.