Harvard Management Co Inc Lowers stake in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Harvard Management Co Inc reduced its stake in XPO Logistics Inc by 19.8% during the most recent quarter end. The investment management company now holds a total of 1,732,800 shares of XPO Logistics Inc which is valued at $45.1 Million after selling 427,775 shares in XPO Logistics Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.XPO Logistics Inc makes up approximately 7.62% of Harvard Management Co Inc’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P boosted its stake in XPO in the latest quarter, The investment management firm added 493 additional shares and now holds a total of 4,447 shares of XPO Logistics Inc which is valued at $115,622.Motley Fool Wealth Management boosted its stake in XPO in the latest quarter, The investment management firm added 9,863 additional shares and now holds a total of 107,603 shares of XPO Logistics Inc which is valued at $2.8 Million. XPO Logistics Inc makes up approx 0.33% of Motley Fool Wealth Management’s portfolio. Gsa Capital Partners Llp sold out all of its stake in XPO during the most recent quarter. The investment firm sold 7,700 shares of XPO which is valued $200,200.Bks Advisors reduced its stake in XPO by selling 1,800 shares or 7.03% in the most recent quarter. The Hedge Fund company now holds 23,791 shares of XPO which is valued at $618,566. XPO Logistics Inc makes up approx 0.33% of Bks Advisors’s portfolio.Front Barnett Associates boosted its stake in XPO in the latest quarter, The investment management firm added 11,650 additional shares and now holds a total of 70,975 shares of XPO Logistics Inc which is valued at $1.9 Million. XPO Logistics Inc makes up approx 0.38% of Front Barnett Associates’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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