Xpo Logistics INC (XPO) Holder Kingdon Capital Management LLC Has Trimmed Its Stake by $9.64 Million

October 2, 2018 - By Marie Mckinney

XPO Logistics, Inc. (NYSE:XPO) LogoInvestors sentiment increased to 1.31 in Q2 2018. Its up 0.27, from 1.04 in 2018Q1. It improved, as 33 investors sold XPO shares while 126 reduced holdings. 73 funds opened positions while 136 raised stakes. 91.91 million shares or 2.63% less from 94.39 million shares in 2018Q1 were reported. Td Asset Management Incorporated has 0.04% invested in XPO Logistics, Inc. (NYSE:XPO) for 235,087 shares. Highland Capital Mngmt Limited Liability Corporation has invested 0.05% in XPO Logistics, Inc. (NYSE:XPO). Fifth Third Financial Bank has invested 0% in XPO Logistics, Inc. (NYSE:XPO). Qs Investors Lc reported 0% stake. 1.23 million were accumulated by D E Shaw Incorporated. Bainco holds 70,660 shares or 1.01% of its portfolio. Eventide Asset Ltd Limited Liability Company accumulated 788,000 shares. Scott And Selber invested in 0.92% or 17,046 shares. 132 are held by Monroe Commercial Bank And Trust Mi. Private Advisor Group Inc Ltd Liability Corporation owns 8,109 shares. Noesis Mangement has invested 0.1% in XPO Logistics, Inc. (NYSE:XPO). Focused Wealth Management Incorporated holds 0.02% or 560 shares. The Georgia-based Decatur Mgmt has invested 1.49% in XPO Logistics, Inc. (NYSE:XPO). Captrust Fin holds 0.01% of its portfolio in XPO Logistics, Inc. (NYSE:XPO) for 1,637 shares. Gulf Intl Bank (Uk) Ltd holds 38,029 shares.

Kingdon Capital Management Llc decreased its stake in Xpo Logistics Inc (XPO) by 28.93% based on its latest 2018Q2 regulatory filing with the SEC. Kingdon Capital Management Llc sold 96,373 shares as the company’s stock declined 2.18% while stock markets rallied. The hedge fund held 236,794 shares of the consumer services company at the end of 2018Q2, valued at $23.72 million, down from 333,167 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Xpo Logistics Inc for a number of months, seems to be less bullish one the $14.11B market cap company. The stock decreased 1.84% or $2.08 during the last trading session, reaching $111.19. About 557,828 shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 77.19% since October 2, 2017 and is uptrending. It has outperformed by 61.57% the S&P500.

Kingdon Capital Management Llc, which manages about $3.27B and $1.43 billion US Long portfolio, upped its stake in Bunge Limited (NYSE:BG) by 109,195 shares to 117,195 shares, valued at $8.17M in 2018Q2, according to the filing. It also increased its holding in Array Biopharma Inc (NASDAQ:ARRY) by 378,815 shares in the quarter, for a total of 544,891 shares, and has risen its stake in Biohaven Pharmactl Hldg Co L.

Analysts await XPO Logistics, Inc. (NYSE:XPO) to report earnings on November, 7. They expect $1.01 EPS, up 71.19 % or $0.42 from last year’s $0.59 per share. XPO’s profit will be $128.12 million for 27.52 P/E if the $1.01 EPS becomes a reality. After $0.98 actual EPS reported by XPO Logistics, Inc. for the previous quarter, Wall Street now forecasts 3.06 % EPS growth.

Another recent and important XPO Logistics, Inc. (NYSE:XPO) news was published by Nasdaq.com which published an article titled: “Transport Stalwart XPO Logistics Is a Double-Digit Winner” on September 24, 2018.

XPO Logistics, Inc. (NYSE:XPO) Ratings Coverage

Among 9 analysts covering XPO Logistics (NYSE:XPO), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. XPO Logistics had 11 analyst reports since April 16, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, April 17 by Barclays Capital. The stock has “Neutral” rating by Bank of America on Thursday, August 2. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, June 19. Cowen & Co maintained XPO Logistics, Inc. (NYSE:XPO) on Thursday, May 24 with “Buy” rating. The stock of XPO Logistics, Inc. (NYSE:XPO) has “Overweight” rating given on Friday, August 3 by KeyBanc Capital Markets. As per Thursday, May 3, the company rating was maintained by Oppenheimer. The stock has “Buy” rating by Oppenheimer on Wednesday, May 9. The rating was maintained by Susquehanna with “Buy” on Monday, April 16. The rating was maintained by Stifel Nicolaus on Tuesday, September 11 with “Hold”. As per Friday, May 4, the company rating was maintained by Credit Suisse.

XPO Logistics, Inc. (NYSE:XPO) Institutional Positions Chart

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