Kettle Hill Capital Management LLC Takes Position in Rxo Inc $RXO

Kettle Hill Capital Management LLC purchased a new stake in Rxo Inc (NYSE:RXO – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 136,015 shares of the company’s stock, valued at approximately $1,719,000. Kettle Hill Capital Management LLC owned approximately 0.08% of RXO as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased 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 purchasing an additional 2,902 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in RXO by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock worth $1,813,000 after acquiring an additional 4,134 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in RXO during the 1st quarter worth approximately $30,000. Strs Ohio acquired a new position in RXO during the 1st quarter worth approximately $97,000. Finally, Quantbot Technologies LP purchased a new stake in RXO during the 2nd quarter worth approximately $245,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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RXO Trading Down 2.9%

Shares of RXO stock opened at $27.53 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $29.86. The stock has a fifty day moving average of $21.57 and a two-hundred day moving average of $16.92. The firm has a market capitalization of $4.54 billion, a PE ratio of -45.14, a price-to-earnings-growth ratio of 30.10 and a beta of 2.08.

RXO (NYSE:RXO – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The business 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 company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, research analysts expect that Rxo Inc will post 0.06 EPS for the current year.

Analysts Set New Price Targets

RXO has been the topic of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $18.00 price objective on shares of RXO in a report on Friday, May 8th. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Susquehanna boosted their price target on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a report on Friday, May 8th. TD Cowen boosted their price target on RXO from $14.00 to $21.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, Citigroup boosted their price target on RXO from $17.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.08.

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About RXO

(Free Report)

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.

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