Intrinsic Edge Capital Management LLC Makes New Investment in Rxo Inc $RXO

Intrinsic Edge Capital Management LLC purchased a new stake in Rxo Inc (NYSE:RXO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $3,655,000. Intrinsic Edge Capital Management LLC owned about 0.15% 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 bought and sold shares of RXO. Oregon Public Employees Retirement Fund increased its holdings in RXO by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock worth $475,000 after purchasing an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of RXO by 18.3% during the first quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company’s stock valued at $61,000 after purchasing an additional 649 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of RXO by 1.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock worth $624,000 after purchasing an additional 724 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of RXO by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock worth $400,000 after purchasing an additional 972 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of RXO by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock valued at $1,648,000 after buying an additional 1,007 shares during the period. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RXO has been the subject of a number of research reports. Wall Street Zen upgraded shares of RXO from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Stephens upgraded shares of RXO to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen raised their price target on shares of RXO from $14.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, May 8th. BMO Capital Markets began coverage on shares of RXO in a report on Monday, July 13th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Zacks Research raised shares of RXO from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.57.

RXO Stock Performance

RXO stock opened at $22.33 on Thursday. The firm has a market cap of $3.68 billion, a PE ratio of -36.61 and a beta of 2.03. 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 stock has a 50-day moving average price of $26.67 and a 200-day moving average price of $19.84. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $29.90.

RXO (NYSE:RXO) last announced its earnings results on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $1.43 billion for 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 firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) EPS. As a group, equities research analysts expect that Rxo Inc will post 0.07 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.