BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,297 shares of the construction company’s stock after selling 206 shares during the period. Mackenzie Financial Corp’s holdings in BlueLinx were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BXC. Lord Abbett & CO. LLC acquired a new position in BlueLinx in the 1st quarter valued at $4,195,000. GSA Capital Partners LLP purchased a new position in BlueLinx during the first quarter worth about $1,501,000. Cornercap Investment Counsel Inc. purchased a new position in BlueLinx during the second quarter worth about $495,000. SG Americas Securities LLC acquired a new stake in BlueLinx in the first quarter valued at about $1,076,000. Finally, Empowered Funds LLC boosted its holdings in BlueLinx by 70.9% in the 1st quarter. Empowered Funds LLC now owns 62,627 shares of the construction company’s stock valued at $8,157,000 after purchasing an additional 25,972 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analysts Set New Price Targets

BXC has been the subject of a number of analyst reports. StockNews.com downgraded BlueLinx from a “buy” rating to a “hold” rating in a research note on Friday. Craig Hallum increased their price objective on BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, DA Davidson boosted their target price on shares of BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.67.

BlueLinx Stock Performance

BXC opened at $106.96 on Tuesday. BlueLinx Holdings Inc. has a 1-year low of $67.76 and a 1-year high of $132.67. The stock has a market cap of $926.49 million, a P/E ratio of 20.07 and a beta of 1.94. The stock’s 50 day simple moving average is $101.59 and its 200 day simple moving average is $105.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.88 and a quick ratio of 3.37.

BlueLinx (NYSE:BXC) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.53 earnings per share for the quarter. The company had revenue of $768.36 million during the quarter. BlueLinx had a return on equity of 12.14% and a net margin of 1.26%.

BlueLinx Profile

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.