Brenner West Capital Advisors Exits Position in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Brenner West Capital Advisors has sold out all of its stake in XPO Logistics Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 414,606 shares of XPO Logistics Inc which is valued at $15,008,737.

Other Hedge Funds, Including , Voya Investment Management boosted its stake in XPO in the latest quarter, The investment management firm added 10,610 additional shares and now holds a total of 41,125 shares of XPO Logistics Inc which is valued at $1,488,725.Blackrock Group Ltd boosted its stake in XPO in the latest quarter, The investment management firm added 10,237 additional shares and now holds a total of 73,053 shares of XPO Logistics Inc which is valued at $2,644,519.Oakmont Corp boosted its stake in XPO in the latest quarter, The investment management firm added 572,980 additional shares and now holds a total of 1,691,780 shares of XPO Logistics Inc which is valued at $62,612,778. XPO Logistics Inc makes up approx 11.43% of Oakmont Corp’s portfolio. First Trust Advisors Lp added XPO to its portfolio by purchasing 96,729 company shares during the most recent quarter which is valued at $3,558,660. XPO Logistics Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio. Deltec Asset Management sold out all of its stake in XPO during the most recent quarter. The investment firm sold 60,161 shares of XPO which is valued $1,755,498.

XPO Logistics Inc opened for trading at $35.91 and hit $36.38 on the upside on Thursday, eventually ending the session at $35.93, with a gain of 0.36% or 0.13 points. The heightened volatility saw the trading volume jump to 11,11,170 shares. Company has a market cap of $3,958 M.

On the company’s financial health, XPO Logistics Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $3683.00 million for the quarter, compared to analysts expectations of $3894.72 million. The company’s revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.

Many Wall Street Analysts have commented on XPO Logistics Inc. Company shares were Reiterated by Cowen on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $26 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $35 .Company shares were Reiterated by JP Morgan on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .

XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.

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