Spruce House Investment Management buys $201.5 Million stake in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Spruce House Investment Management scooped up 1,750,000 additional shares in XPO Logistics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 7,750,000 shares of XPO Logistics Inc which is valued at $201.5 Million.XPO Logistics Inc makes up approximately 27.57% of Spruce House Investment Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in XPO in the latest quarter, The investment management firm added 173,617 additional shares and now holds a total of 5,775,206 shares of XPO Logistics Inc which is valued at $150.2 Million. XPO Logistics Inc makes up approx 0.04% of Wellington Management Group Llp’s portfolio.Oakmont Corp boosted its stake in XPO in the latest quarter, The investment management firm added 499,050 additional shares and now holds a total of 1,118,800 shares of XPO Logistics Inc which is valued at $29.1 Million. XPO Logistics Inc makes up approx 4.91% of Oakmont Corp’s portfolio.Cannell Peter B Co Inc reduced its stake in XPO by selling 2,555,485 shares or 98.32% in the most recent quarter. The Hedge Fund company now holds 43,650 shares of XPO which is valued at $1.1 Million. XPO Logistics Inc makes up approx 0.04% of Cannell Peter B Co Inc’s portfolio.Bronfman E.l. Rothschild boosted its stake in XPO in the latest quarter, The investment management firm added 9,082 additional shares and now holds a total of 9,495 shares of XPO Logistics Inc which is valued at $251,618. XPO Logistics Inc makes up approx 0.04% of Bronfman E.l. Rothschild’s portfolio.Stoneridge Investment Partners reduced its stake in XPO by selling 33,081 shares or 42.41% in the most recent quarter. The Hedge Fund company now holds 44,931 shares of XPO which is valued at $1.4 Million. XPO Logistics Inc makes up approx 0.20% of Stoneridge Investment Partners’s portfolio.

XPO Logistics Inc opened for trading at $28.16 and hit $29.39 on the upside on Wednesday, eventually ending the session at $29.22, with a gain of 4.17% or 1.17 points. The heightened volatility saw the trading volume jump to 10,17,238 shares. Company has a market cap of $3,214 M.

On the company’s financial health, XPO Logistics Inc reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.18. The company had revenue of $3545.70 million for the quarter, compared to analysts expectations of $3569.16 million. The company’s revenue was up 404.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on XPO Logistics Inc. Buckingham Research Initiated XPO Logistics Inc on May 17, 2016 to “Buy”, Price Target of the shares are set at $38.Shares were Reiterated by Cowen on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 36 from a previous price target of $44 .XPO Logistics Inc was Initiated by Morgan Stanley to “Overweight” on Feb 23, 2016.

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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